Here’s the latest on Microsoft’s plans to snap up Activision Blizzard. The European Union, meanwhile, has given the deal its seal of approval. Federal Trade Commission has withdrawn its attempt block the deal legally after a federal judge ruled in favor of Microsoft being allowed to close the deal. Microsoft is attempting to persuade regulators around the world to clear its $68.7 billion acquisition of Activision Blizzard - the biggest deal of its kind the gaming industry has ever seen.Īmid concerns about its effect on competition in the industry - particularly in the nascent cloud gaming market - and in the face of ardent lobbying against the deal by competitor Sony, the U.K.’s Competition and Markets Authority first decided to block the acquisition, then agreed to further talks with Microsoft and Activision.
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