Microsoft adjusts its Activision deal in a bid to win UK approval

Microsoft (MSFT) is making some adjustments to its $69 billion acquisition of "Call of Duty" videogame maker Activision Blizzard (ATVI) in a bid to overcome a final block of the deal by a UK regulator. The restructured proposal, Microsoft president Brad Smith said in a blog post Tuesday, would transfer Microsoft's cloud streaming rights for all current and new Activision Blizzard PC and console games released over the next 15 years to game publisher Ubisoft Entertainment SA. “To address the concerns about the impact of the proposed acquisition on cloud game streaming raised by the UK Competition and Markets Authority…