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China Approves Microsoft’s Proposed Acquisition Of Activision Blizzard

News-Asia-360
ByNews Asia 360
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Microsoft recently received a thumbs-up from the European Commission regarding their deal with Activision Blizzard, which will likely lead to more favourable outcomes in the future. The European regulator gave its stamp of approval for the transaction, providing more optimism for what’s ahead.

After the good news, now, China has been added to the list of countries that have granted approval for the $68.7 billion dollar deal. This is another huge achievement for Microsoft.

The Microsoft-Activision merger has gained tremendous impetus with the addition of China to the long list of countries already supporting it. This global approval gives a clear indication that there is wide acknowledgement and acceptance of this merger. There was widespread approval of the Activision Blizzard acquisition from countries such as Japan, South Africa, Brazil, Saudia Arabia and beyond.

Image | Activision Blizzard

Unfortunately, Microsoft has been met with huge resistance from the FTC and CMA; both agencies have refused to approve the deal. Microsoft is hoping to appeal the decision of CMA, but it doesn’t appear that the UK regulator will change their mind anytime soon.

The European Commission’s announcement was not favoured by the CMA, who gave their reasons as to why they felt it was an incorrect decision. Nevertheless, China’s backing may prove pivotal in ensuring that the merger is successful and the result is favourable for Microsoft.

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