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Activision Blizzard Sale to Microsoft Officially Approved by the CMA - Merger Expected to Close Friday Morning
Blizzard
Criado
13/10/2023 em 02:07
por
Archimtiros
The United Kingdom's Competition and Markets Authority has
officially granted their consent
to the merger between Microsoft and Activision Blizzard, following a
short consultation period
regarding a restructured deal which would divest cloud gaming rights to Ubisoft. With this decision, the merger is expected to officially close this Friday morning around 9 am Eastern Time, 21 month after its
initial announcement
.
Competition and Markets Authority
The new deal will stop Microsoft from locking up competition in cloud gaming as this market takes off, preserving competitive prices and services for UK cloud gaming customers.
13 October 2023: The CMA decided to grant consent under paragraph 12 of the Microsoft and Activision Merger Inquiry Order 2023 for Microsoft to acquire Activision, excluding Activision’s non-EEA cloud streaming rights.
See Microsoft / Activision Blizzard (ex-cloud streaming rights) merger inquiry for more information.
In response to the announcement, Activision Blizzard CEO Bobby Kotick released the following message to employees, while
Microsoft President Brad Smith
shared his own enthusiasm over Twitter.
Bobby Kotick
Team,
Today the CMA, the regulatory authority in the UK, approved our transaction with Microsoft.
We now have all regulatory approvals necessary to close and we look forward to bringing joy and connection to even more players around the world.
Our board chair Brian Kelly and I are incredibly proud of all of you and your accomplishments over the last four decades. We’re excited for our next chapter together with Microsoft and the endless possibilities it creates for you and for our players.
With gratitude,
Bobby
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