The Chinese State Administration has approved Microsoft’s attempt to buy Activision Blizzard for $69 billion. This decision comes after a process in which a total of 37 regulators, including the EU and Japan, had their voices heard.
Microsoft’s plan to buy Activision Blizzard has caused a huge shock in the gaming industry. With this acquisition, Microsoft will own popular game series such as Call of Duty, World of Warcraft, Overwatch and Diablo. Moreover, Activision will include Blizzard’s 10,000 employees.
This acquisition, however, did not come easily. Many countries and territories have reviewed whether this transaction complies with competition rules. Some in Microsoft’s cloud gaming market worried that he would gain a dominant position. Others, on the other hand, are what happened inside Activision Blizzard. harassment and discrimination scandals drew attention.
“Gamers around the world will be able to play more games on more devices”
According to IGN’s report, the Chinese State Administration has unconditionally approved Microsoft’s attempt to acquire Activision Blizzard. This decision followed approval decisions from regions such as the European Union and Japan. Like this, The number of countries and regions that approved this transaction increased to 37.
A spokesperson for Microsoft told IGN: “China’s unconditional approval of our acquisition of Activision Blizzard followed approval decisions from regions such as the European Union and Japan. Thus, the number of countries and regions that have approved this transaction has risen to 37, representing over two billion people. “Combined with our recent commitments to the European Commission, it will enable consumers around the world to play more games on more devices.”
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One of the parties that did not approve this transaction Became the UK’s Competition and Markets Authority (CMA). CMA believes this transaction is in Microsoft’s nascent cloud gaming market. blocked the transaction on the grounds that it could lead to a monopoly. Microsoft, on the other hand, announced that it plans to appeal the UK’s decision. The transaction is not yet confirmed in the US either. The US Federal Trade Commission is expected to make its decision in court in August.
Source :
https://www.ign.com/articles/china-approves-microsofts-acquisition-of-activision-blizzard