Microsoft: Activision Blizzard ‘s Acquisition Clears Roadblocks in US
As reported, Microsoft ‘s proposed acquisition of Activision Blizzard has gained traction as the US regulator’s attempt to block the deal with an injunction has been denied. This development allows Microsoft to proceed with the acquisition, with a looming deadline of July 18. However, the UK regulator, the Competition and Markets Authority (CMA), has currently blocked the deal, prompting Microsoft to address the concerns raised.
The FTC’s Concerns and Activision Blizzard’s Response: The Federal Trade Commission (FTC) expressed concerns about the merger’s potential impact on competition in cloud gaming, subscription services, and consoles. Despite this, Activision Blizzard CEO Bobby Kotick emphasized the merger’s benefits for consumers and workers in the gaming industry.
Subtitle: Microsoft ‘s Commitment to Collaboration and Resolution for the acquisition of Activision-Blizzard
Microsoft’s Perspective and CMA’s Blockage: Microsoft defended the acquisition as a means to expand its presence in the mobile and PC games markets. Critics worry that the deal may lead to exclusivity of titles, like Call of Duty, on the Xbox platform.
In the UK, the CMA blocked the acquisition due to concerns about Microsoft’s dominance in the emerging game streaming market. Both companies are appealing the decision and willing to modify the deal to address the CMA’s concerns.
Microsoft’s bid to acquire Activision Blizzard progresses as the US injunction is denied. The deal faces regulatory scrutiny due to competition concerns, but Microsoft remains determined to address these issues.
While the UK regulator’s blockage poses an additional challenge, Microsoft is actively seeking ways to modify the deal and gain approval. The outcome of this acquisition will significantly impact the gaming industry, shaping its future landscape and dynamics.
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