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Microsoft has acquired gaming giant Activision-Blizzard, concluding a process of intense scrutiny from competition regulators around the world, in a $69 billion purchase that is the largest in the video game industry’s history.
The proposed merger raised concerns that Microsoft will become too dominant in the video game space, a fear Microsoft has attempted to mitigate through promises not to make franchises likeThe merger cements Microsoft’s position as the second-largest video games company in the world, almost doubling its revenues in relation to Nintendo, and bringing it within striking distance of market leader Sony.
Microsoft swiftly closed the deal after receiving the nod of approval from the UK’s Competition and Markets Authority , the last major regulator that had been standing in the way of the acquisition.to acquire Activision Blizzard has been approved by UK regulators. The UK’s Competition and Markets Authority has concluded that the deal can proceed after Microsoft recentlyto transfer cloud gaming rights for current and new Activision Blizzard games to Ubisoft.
“The CMA has decided to give Microsoft Corporation consent to acquire Activision Blizzard, Inc. excluding Activision’s cloud streaming rights outside of the European Economic Area subject to the condition that the sale of Activision’s cloud streaming rights completes prior to completion of the Merger,”
While the U.S. Federal Trade Commission has sought to block the deal, it was overruled by the U.S. Court of Appeals for the Ninth Circuit this summer.
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