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Microsoft’s $68.7 billion merger with Activision Blizzard has received the green light in over 40 countries, with the CMA presenting one last hurdle. However, with each passing day, the CMA’s approval appears more likely since the regulator has already provided a provisional clearance.
Last week, reports claimed Microsoft was ready to close the deal on 13 October, quickly approaching the conclusion of nearly two years of efforts. Ahead of this date, the gaming giant has received another nice surprise.
Following several approvals, Taiwan has joined the list of countries in favor of the deal.
Why it matters: The approval highlights that most regulators do not see much wrong with Microsoft’s acquisition despite the controversy surrounding the buyout.
According to @PaRRGlobal, the Taiwan Fair Trade Commission has approved #Microsoft's acquisition of #ActivisionBlizzard.
— Florian Mueller (@FOSSpatents) October 9, 2023
As reported by Florian Mueller, the Taiwanese regulator is the latest to clear Microsoft’s $68.7 billion purchase. While the FTC is still against the transaction, most of the world’s countries have taken a clear stance, supporting Microsoft in its endeavors.
The gaming giant hopes this purchase will open up new opportunities for both Xbox and Activision. Through a close partnership, both companies will be able to cultivate growth and progression in the gaming industry.
Microsoft has also collaborated with Ubisoft, handing over cloud streaming rights to the French company, minimizing the CMA’s concerns.
We are looking forward to Microsoft’s official announcement later this week. Currently, the deal has a deadline of 18 October, but reliable sources have suggested that Microsoft will be able to make an announcement before this date.
We hope this move will prove to be a positive influence on the gaming industry, improving Microsoft’s first-party lineup and leading to more competition among console manufacturers.
Under Xbox, Activision Blizzard will continue to bring new experiences through its trademark franchises like Call of Duty, Diablo, and more. Microsoft’s technologies will also ensure these IPs remain at the forefront of gaming innovations.
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[News Reporter]
Avinash is currently pursuing a Business degree in Australia. For more than three years, he has been working as a gaming journalist, utilizing his writing skills and love for gaming to report on the latest updates in the industry. Avinash loves to play action games like Devil May Cry and has also been mentioned on highly regarded websites, such as IGN, GamesRadar, GameRant, Dualshockers, CBR, and Gamespot.
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