Microsoft’s Activision Blizzard deal has gained another major step to its approval. The UK’s Competition and Markets Authority (CMA) gave the $69 million deal its preliminary approval on Friday morning following it’s initial opposition of the deal due to concerns over cloud gaming.

The decision comes after Microsoft had restructured the deal to fix the concerns the regulator had. While it’s only a preliminary approval, Xbox CEO Phil Spencer stated his optimism at the recent developments in a recent company memo.

“Today, the UK CMA provisionally concluded that the solutions we have offered to address its concerns about the impact of the acquisition on future competition in cloud game streaming are acceptable,” wrote Smith. “This is a positive development and a welcome indicator that our hard work is bringing us closer to our goal…”

Additionally, Activision Blizzard CEO Bobby Kotick also shared his excitement at the CMA’s decision.

“Today the UK regulatory authority, the CMA, issued a preliminary approval of our merger with Microsoft based on the solutions Microsoft presented in connection with its new merger application,” wrote Kotick. “This approval is critical to completing our merger…”

“This is a significant milestone for the merger and a testament to our solutions-oriented work with regulators. I remain optimistic as we continue the journey toward completion and am very grateful to each of you for your dedication and focus throughout this process…” he continued.

Regardless, the acquisition has yet to be officially approved. With the CMA’s preliminary approval, the regulator has opened consultation for third-party feedback until October 6th on Microsoft’s remedies towards concerns of the deal. The final decision on the deal’s approval will be made on or before the current October 18th deadline.

The Activision Deal has been approved in the European Union, Ukraine, Saudi Arabia, Brazil, Serbia, Chile, Japan, South Africa, South Korea, New Zealand and China.