Microsoft's journey to acquiring Activision Blizzard, the creator of Call of Duty, is nearing its end, now that the UK has given its final approval. This landmark $69 billion deal is significant in the tech world, making it the largest of its kind in history.

The acquisition emerged amidst concerns about competition in the UK's cloud gaming market. Microsoft has since laid those worries to rest by overcoming the US Federal Trade Commission's objections, gaining approval from Europe's chief regulator and penning a 10-year contract with Sony to continue providing Activision games on PlayStation.

Microsoft also addressed competition fears by proposing an altered version of the Acti-Blizz deal to the UK Competition and Markets Authority. This involved selling Activision's cloud gaming rights to another company, Ubisoft - the creators of Assassin's Creed. The agreement ensures that Ubisoft can adapt these games for any platform.

The regulator approved the revised deal, calling it a victory for keeping games competitively priced and efficient. It noted that the agreement will prevent Microsoft from monopolizing the rapidly growing cloud gaming segment.

Microsoft's Vice Chair and President, Brad Smith, expressed his gratitude for the regulator's decision and looked forward to completing the acquisition. Speculations have been confirmed with an interruption in Activision Blizzard's stock exchange activity due to pending news.

The completion of the deal would also empower Microsoft with popular titles like World of Warcraft and Candy Crush. Several games from Activision Blizzard are expected to join Microsoft's Game Pass subscription service, although some releases like Call of Duty Modern Warfare 3 and Diablo 4 might be delayed till next year.

In parallel, the Federal Trade Commission is still trying to dissect the deal, even after losing a significant court case. They're also looking for more details about Microsoft's agreement with Ubisoft and Sony. With all these moving parts, an exciting development in the gaming world is on the horizon!