New Zealand’s Commerce Commission has accredited Microsoft’s acquisition of Activision Blizzard, which has already had the approval of many regulators around the globe, together with the European Commission, Japan, Brazil, and extra. Following Microsoft’s win towards the FTC final month, the UK’s Competition and Markets Authority is the ultimate main hurdle Microsoft wants to beat to get the deal throughout the end line.
New Zealand approves Microsoft’s acquisition of Activision Blizzard
“With as we speak’s approval from New Zealand, we’re cleared to maneuver ahead with our acquisition of Activision Blizzard in 41 international locations,” Microsoft president Brad Smith stated. “We will proceed to work to resolve excellent issues and produce this deal to an in depth.”
Following the FTC’s failed injunction in July, the CMA stated it was “prepared to think about any proposals from Microsoft to restructure the transaction.” The regulator’s primary concern with the deal is that Microsoft might have a significant benefit within the rising cloud gaming market. The firm submitted its newest argument final month, and the CMA is predicted to make a ultimate resolution by August 29.
