Microsoft Activision Blizzard purchase agreement approved in another country
July 3, 2023
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On January 18, 2022, Microsoft announced Activision Blizzard. $69 billion agreed to buy. However, the largest commercial deal in history is still not finalized. Although the purchase is
On January 18, 2022, Microsoft announced Activision Blizzard. $69 billion agreed to buy. However, the largest commercial deal in history is still not finalized. Although the purchase is currently facing the obstacle of the US, it has managed to gain approval from many countries.
On July 3, a new one joined the list of countries that have 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:
The South African Competition Court rules on Microsoft’s acquisition of Activision Blizzard without any conditions announced its approval. It was said that the reasons for the court’s decision will be shared soon.
Microsoft awaits US Federal Trade Commission approval:
The biggest obstacle to the deal right now US Federal Trade Commission (FTC). The committee 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, Canada stated on the last day of June that the agreement would reduce competition.
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