China becomes the 37th country to approve Microsoft's Activision buyout
Another economic powerhouse has assented to Microsoft's $68.7 billion absorption of video gaming powerhouse Activision Blizzard, with China's State Administration for Market Regulation giving the covenant its okay late last week.
We asked Microsoft several additional questions pertaining to China's approval of its Acti-Blizz buyout, but a company spokesperson told us it had nothing to add at this time. That's unfortunate given the tenuous state of Activision Blizzard games in the Middle Kingdom. Under Chinese law, foreign video game makers have to publish their games in mainland China through a local firm. As of writing, Chinese players of games like World of Warcraft, Diablo III, Overwatch and others have been left without a way to explore Azeroth or any of Blizzard's other virtual worlds since the failure to renew the distribution deal.
The UK's Competitions and Market Authority used its outsized post-Brexit influence to throw a wrench into the deal late last month when itthe concessions offered by Microsoft "failed to effectively address the concerns in the cloud gaming sector."
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