Another country joined the party that gave the green light in the Microsoft-Activision Blizzard agreement, which divided the world into two.
On January 18, 2022, Microsoft announced Activision Blizzard. $69 billion had agreed to purchase. However, the largest commercial deal in history is still unfinished. Although the purchase is currently facing the obstacle of the USA, it has managed to get approval from many countries.
On July 3, a new one joined the list of countries that approved Microsoft’s purchase of Activision Blizzard. Agreement that will change the game and entertainment industry, Approved by South Africa.
South Africa unconditionally ratified the agreement:
South African Competition Court rules Microsoft’s acquisition of Activision Blizzard without any conditions announced his approval. It was stated that the reasons for the court’s decision will be shared soon.
Microsoft is awaiting approval from the US Federal Trade Commission:
The biggest obstacle to the deal right now US Federal Trade Commission (FTC). The commission temporarily blocked the deal in June. The fate of the settlement will depend on the decision in the case of Microsoft, Sony and the Federal Trade Commission.
On the other hand, on the last day of June, Canada made a statement that the agreement would reduce competition.
Some critical information also emerged in the court:
Source :
https://wccftech.com/microsoft-activision-blizzard-approved-south-africa/?dark=1