Microsoft’s $69 Billion Activision Deal Takes Another Step Toward Approval

Microsoft's $69 Billion Takeover of Activision , Takes Another Step Toward Approval.

Microsoft's $69 Billion Takeover of Activision , Takes Another Step Toward Approval.

'Bloomberg' reports that Microsoft's chances of gaining approval for its acquisition of Activision Blizzard increased after U.K. regulators reduced the scope of their probe.

According to the Competition and Markets Authority (CMA), "a significant amount" of new evidence suggests that Microsoft is unlikely to profit from exclusive access to top-selling franchises.

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As one of the 30-largest acquisitions of all time, Microsoft's proposed takeover of Activision Blizzard has come under scrutiny in both the United States and Europe.

As one of the 30-largest acquisitions of all time, Microsoft's proposed takeover of Activision Blizzard has come under scrutiny in both the United States and Europe.

On March 24, the CMA argued that data suggests the strategy of selling off 'Call of Duty' , “would be significantly loss-making under any plausible scenario.” .

The CMA's probe will now reportedly be narrowed to cloud gaming, echoing similar decisions made in the European Union.

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In response to the news, Activision shares climbed about 6% as the U.S. market opened, reaching $84.58.

We appreciate the CMA’s rigorous and thorough evaluation of the evidence and welcome its updated provisional findings.

, Microsoft spokesperson, via 'Bloomberg'.

'Bloomberg' reports that Activision has also defended the acquisition, emphasizing that U.K. regulators' concerns have been addressed.

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Sony’s campaign to protect its dominance by blocking our merger can’t overcome the facts, and Microsoft has already presented effective and enforceable remedies to address each of the CMA’s remaining concerns.

, Activision spokesperson, via 'Bloomberg'.

We know this deal will benefit competition, innovation, and consumers in the U.K, Activision spokesperson, via 'Bloomberg'