Microsoft’s acquisition of Activision Blizzard approved by another country.
Microsoft's acquisition of Activision Blizzard approved by another country.
Microsoft’s Activision Blizzard Acquisition Approved by New Zealand Regulators
image: Microsoft image: Activision Blizzard
Hey gamers, buckle up for some exciting news! Microsoft’s plan to acquire Activision Blizzard has just been given the green light by New Zealand’s competition regulatory authority. It’s like getting the rarest loot drop in a game – pure joy!
When Microsoft first announced its intention to acquire Activision, it faced a horde of regulatory opposition. The FTC, CMA, and the EU all raised concerns about potential reduction in competition within the gaming industry. It was like facing an epic boss battle, but Microsoft proved its gaming prowess, and the EU paved the way by approving the acquisition. Even the FTC is rumored to be reaching a settlement with the tech giant. The only holdout is the UK’s CMA, standing firm like a guardian boss, but hope is not lost for Microsoft.
Being a global player, Microsoft’s Activision acquisition approval in New Zealand adds another feather to its cap. Gamers in New Zealand can now rejoice without any concerns about reduced competition. In fact, the Commission Chair Dr. John Small emphasized that franchises like Call of Duty, which are beloved among New Zealand gamers, were not deemed essential for competition against Microsoft. So no worries, mates!
In Brad Smith’s tweet, he announced that with New Zealand’s approval, Microsoft has garnered support from a whopping 41 countries worldwide. Talk about an overpowered alliance! They are determined to make this deal happen, taking the gaming industry by storm, because, let’s face it, who doesn’t want to dominate the leaderboard?
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As we move into the realm of Microsoft’s competitors, we find Sony, one of their biggest rivals, making its voice heard against the acquisition. Sony even held meetings with regulators, attempting to prevent the deal from going through. They stood firm, like a sentinel guarding their territory. But, in a surprising plot twist, Sony eventually struck a 10-year deal with Microsoft to keep Call of Duty on PlayStation. Looks like diplomacy won over the battlefield!
Meanwhile, in the UK, negotiations are underway as they seek to find a settlement and gather more insights before delivering their final verdict. It’s like an intense game of strategy where every move counts. Microsoft and Activision have agreed to extend the deadline for closing the deal, showing their commitment to ensuring a successful outcome. It’s all about playing the long game here!
So, fellow gamers, keep your headsets on as the Microsoft-Activision acquisition continues to make waves in the gaming industry. With each approval, the saga unfolds, promising an exciting future for gaming enthusiasts worldwide. Stay tuned and get ready to level up!
Source: Press Start
