Microsoft’s takeover of Activision Blizzard definitively authorized by the United Kingdom


The British competition authority, the CMA, announced on Friday October 13 that it was giving a definitive green light to the new takeover agreement by the American giant Microsoft of Activision Blizzard, publisher of the video game “Call of Duty”removing the final regulatory hurdle to the acquisition.

After a refusal in April, the manufacturer of the Xbox game console had submitted to the British authority at the end of August an amended version of its proposed takeover of the American video game publisher. This one is “authorized by the CMA”confirmed the British regulator in a press release.

The software titan plans in particular in the new version of its $69 billion takeover project notable transfers: the online gaming rights of Activision Blizzard – including those of global hits “Call of Duty” And ” Candy Crush “ – will be sold to French company Ubisoft.

The CMA had given a provisional agreement at the end of September but reported “limited residual concerns”. She ured Friday that the solutions proposed by Microsoft will provide the necessary guarantees “to ensure that this agreement is properly implemented”.

“We are grateful for the thorough review (of the new agreement) and the CMA’s decision today”immediately reacted Microsoft President Brad Smith in a statement sent to Agence France-Presse (AFP). “We have now cleared the final regulatory hurdle to complete this acquisition, which we believe will benefit gamers and the gaming industry worldwide”he added.

The World with AFP



Source link

Leave a Reply