Microsoft Activision Blizzard deal may be approved next month

Microsoft’s acquisition of Activision Blizzard may get regulatory approval next month. This would be well ahead of schedule, with earlier estimates setting a completion date for the merger in June 2023.

The deal will go ahead as early as August if the FTC does not request any additional information from either party. This indicates that the regulator has rejected the objections of the trade unions, or is satisfied with the response of Activision Blizzard and Microsoft.

Related Topics: Activision as a partner of the Summer Games Festival has proven that our industry has no morals

multiple ports I reported that Microsoft responded to the FTC’s second request for documentation this week. If they are not asked for anything else within 30 days, the deal will automatically get the approval you need from the US regulator.

The Gamer video today

This comes after a lengthy approval process from the Federal Trade Commission, where the Telecommunications Workers of America union has repeatedly urged the regulator not to rush into the deal. While it is not known if this is the cause, both Activision and Microsoft have since expressed their willingness to collaborate with the unions.

Of course, the FTC’s seal of approval isn’t the only green light the two media giants will need in order to move forward with the deal. The European Union and the United Kingdom will have to agree to the deal as well, with the latter already investigating whether the deal will harm the industry. However, Microsoft President Brad Smith recently said the deal is “moving fast,” even with the level of scrutiny it has received, so granting approval next month wouldn’t be too surprising.

It’s also worth noting that Sony’s acquisition of Bungie was completed relatively quickly. Microsoft’s rival deal got regulatory approval on Friday, with Bungie now working with PlayStation to develop the live service.

With this latest news in mind, many will be wondering what this means for the always controversial Activision Blizzard CEO, Bobby Kotick. We recently learned that he was re-elected to the Board of Directors for another year. If Microsoft forced him out regardless, he could earn millions. In any case, it remains to be seen how the deal will affect workers at Activision Blizzard, who have long fought for better conditions.

Next: Less than four per cent of FIFA 22 players participated in a women’s match

(Visited 2 times, 1 visits today)

Related posts