Microsoft’s Acquisition of Activision Blizzard Nears Completion
After a long journey, Microsoft is on the verge of finalizing its acquisition of gaming giant Activision Blizzard. A source familiar with Microsoft’s plans revealed that the deal is set to close on Friday, October 13, despite the superstitious connotations associated with the date. This choice is not surprising, considering that the deadline for the agreement extension, initially set for October 18, is fast approaching.
Although the acquisition is nearing its conclusion, Microsoft’s legal department still has some legal hurdles to overcome. The Competition and Markets Authority, after granting Ubisoft rights to stream Activision Blizzard games in the UK, provided preliminary approval for the deal. However, the final assessment by the regulator is still pending and will take place before October 18. Nevertheless, both Microsoft and Activision Blizzard view this as a significant win.
We are encouraged by this positive development in the CMA’s review process. We presented solutions that we believe fully address the CMA’s remaining concerns related to cloud game streaming, and we will continue to work toward earning approval to close prior to the October 18…
— Brad Smith (@BradSmi) September 22, 2023
This latest news follows Microsoft and Activision Blizzard’s triumph over the Federal Trade Commission in July. With the leaked documents showcasing Microsoft’s plans for a hybrid console, a new Xbox model, and potential acquisitions of companies like Sega and Bungie, it’s clear that Microsoft is eager to put this lengthy process behind them.
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