Microsoft has made a new bid to buy Call of Duty-maker Activision Blizzard in the latest twist in the tale of what would be the biggest deal of its kind in the gaming industry.
Its original £59billion deal was blocked by UK regulators.
Microsoft's president Brad Smith said the new offer was "substantially different" and should be approved.
The UK Competition and Markets Authority (CMA) will review the deal, but said: "This is not a green light."
The BBC says the offer, if approved, would end a tumultuous 18 months for Microsoft.
Since it announced plans to buy Activision Blizzard in January last year, the proposed merger has split regulators around the world, some of whom fear it could stifle choice for gamers.
Decision deadline
The CMA will make a decision on Microsoft's revised bid by October 18 - without its approval the deal cannot go ahead globally.
Microsoft hopes the merger will boost demand for its Xbox console and its gaming-subscription business.
Under the new offer, Microsoft has agreed to transfer the rights to stream Activision games from the cloud to Ubisoft, a video-games publisher, for 15 years.
Microsoft's Mr Smith added: "Microsoft will not be in a position either to release Activision Blizzard games exclusively on its own cloud-streaming service - Xbox Cloud Gaming - or to exclusively control the licensing terms of Activision Blizzard games for rival services."
So far, it said its initial offer for Activision has been approved in 40 countries including the European Union and China.
Overruled
The US Federal Trade Commission is continuing to try to block the deal in America, but has been overruled several times by the courts.
However, the CMA blocked the tie-up in April, warning it would harm innovation and choice for gamers in the fast-growing cloud-gaming business.
The move sparked an angry reaction from Mr Smith, who said it was "bad for Britain" and marked Microsoft's "darkest day" in its four decades of working in the country.
It was also a blow for the UK Government, which wants the country to become a tech powerhouse.
FTSE 100
The UK's top share index, the FTSE 100, was up 12 points at 7,283 shortly after opening this morning, following yesterday's 12-point rise.
Brent crude futures were down 0.23% at $83.84 a barrel.
Companies reporting today