9621 Agnes Crossing, Lake Suzanneview, New Mexico Island 84604-9295.
Britain’s antitrust authority approved Microsoft’s $69 billion deal to acquire Activision Blizzard, maker of Call of Duty and World of Warcraft games. As reported by Ukrinform, The Guardian
As reported by Ukrinform, The Guardian reports this, citing Activision Blizzard CEO Bobby Kotika.
In his speech to employees, he stated that the company is now ready to complete the deal.
“We now have all the necessary regulatory approvals to complete the deal and look forward to bringing joy and connectivity to more gamers around the world,” the CEO wrote.
Microsoft cannot own cloud gaming rights, a representative from the UK Competition and Markets Authority (CMA) said on Friday.
“As cloud gaming evolves it will offer people more competitive prices, better services and more choice,” a spokesman for the regulator said.
The deal with Activision Blizzard was supposed to expire on October 18.
Although the Federal Trade Commission continues to oppose the deal, it cannot stop Microsoft and Activision from completing the deal.
In April, the Competition and Markets Authority tried to block the deal, citing fears that Microsoft, the maker of the Xbox games console, would dominate the cloud gaming market.
But the watchdog said last month that a revised deal involving the sale of cloud gaming rights outside Europe to Activision Blizzard’s French rival Ubisoft had cleared up any concerns and allowed Activision Blizzard to approve the purchase.
Source: Ukrinform
As an experienced journalist and author, Mary has been reporting on the latest news and trends for over 5 years. With a passion for uncovering the stories behind the headlines, Mary has earned a reputation as a trusted voice in the world of journalism. Her writing style is insightful, engaging and thought-provoking, as she takes a deep dive into the most pressing issues of our time.
