Microsoft's Activision Blizzard Acquisition now has Two Approvals
Microsoft's proposed acquisition of Activision Blizzard has now received two approvals from different regulatory boards from around the world. Brazil has followed Saudi Arabia's approval announcement from August. The Council for Economic Defense (CADE) states that the deal has been approved “without restrictions”. This follows the statement issued by Saudi Arabia's regulatory board, The General Authority for Competition, on Twitter. in Saudi Arabia also has “no objection” to the proposed acquisition. While the Activision Blizzard deal is still being heavily scrutinised around the world, the two approvals are a good sign for Microsoft. The US Federal Trade Commission is expected to rule on the deal in November while the UK regulatory board has set a March 1st 2023 deadline to publish its inquiry findings. Meanwhile, the European watchdog is speaking with game developers about their opinions on the acquisition. The EU regulator is also looking into if Activision's user data would give Microsoft an unfair competitive advantage.
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