Microsoft has completed its acquisition of video game maker Activision Blizzard for $69 billion, closing one of the most expensive tech acquisitions in history.
Microsoft has completed its acquisition of video game maker Activision Blizzard for $69 billion, closing one of the most expensive tech acquisitions in history that could have repercussions across the video game industry.The notice that the deal has gone through came 7 hours after Microsoft got final approval from Britain's competition watchdog, which reversed its earlier decision to block the $69 billion gaming deal, removing the last obstacle for the transaction.
Crucially, it got a thumbs-up from the 27-nation European Union after agreeing to allow users and cloud gaming platforms to stream its titles without paying royalties for 10 years.But the deal faced resistance from British and American regulators who worried it would stifle competition in the video game industry. Top rival Sony also feared it would limit PlayStation gamers' access to Call of Duty, Activision's long-running military shooter series.The U.S.
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