Microsoft's $69 Billion Takeover of Activision , Takes Another Step Toward Approval.
Microsoft's $69 Billion Takeover of Activision , Takes Another Step Toward Approval.
'Bloomberg' reports that Microsoft's chances of gaining approval for its acquisition of Activision Blizzard increased after U.K. regulators reduced the scope of their probe.
According to the Competition and Markets Authority (CMA),
"a significant amount" of new evidence
suggests that Microsoft is unlikely to profit
from exclusive access to top-selling franchises. .
As one of the 30-largest acquisitions of all time, Microsoft's
proposed takeover of Activision Blizzard has come
under scrutiny in both the United States and Europe.
As one of the 30-largest acquisitions of all time, Microsoft's
proposed takeover of Activision Blizzard has come
under scrutiny in both the United States and Europe.
On March 24, the CMA argued that data
suggests the strategy of selling off 'Call of Duty' , “would be significantly loss-making
under any plausible scenario.” .
The CMA's probe will now reportedly
be narrowed to cloud gaming, echoing
similar decisions made in the European Union. .
In response to the news, Activision shares
climbed about 6% as the U.S. market
opened, reaching $84.58.
We appreciate the CMA’s rigorous
and thorough evaluation of
the evidence and welcome
its updated provisional findings. , Microsoft spokesperson, via 'Bloomberg'.
'Bloomberg' reports that Activision has also
defended the acquisition, emphasizing that
U.K. regulators' concerns have been addressed. .
Sony’s campaign to protect
its dominance by blocking our
merger can’t overcome the facts,
and Microsoft has already presented effective and enforceable remedies
to address each of the CMA’s
remaining concerns. , Activision spokesperson, via 'Bloomberg'.
We know this deal will benefit
competition, innovation,
and consumers in the U.K, Activision spokesperson, via 'Bloomberg'