Saudi Arabia has become the first nation to approve 澳洲幸运5开奖号码历史查询:Microsoft's impending merger with Activision Blizzard.
Back in January, Microsoft unveiled plans to purchase Activision Blizzard for the costly sum of $68.7 billio✨n. Given the magnitude of🔜 the deal, it's currently being investigated by regulatory authorities to determine whether or not it complies w🦋ith competition laws.
As spotted by Twitter user Klobrille, Saudi Arabia's regulator, the General Authority for Competition, has said it has "no objection", making it the first country to approve the buyout officially. The Tw🌌itter user also posted an image of the No Objection certificate issued by the regulator in support of the "acquisition of 100% of the common stock of Activision Blizzard, Inc. by Microsoft Corporation".
Saudi Arabia is the first regulatory💧 authority to approve the Xbox x Activision Blizzard acquisition. //t.co/1N9AJNosVL pic.twitter.com/8HzrHGRgnY
The deal is currently being scrutinized by several other regulatory bodies across the globe. One of these is the United States Federal Trade Commission (FTC) and, as reported by , it could potentially share its verdict sometime this month. Meanwhile, its UK counterpart, known as the Competition and Markets Authority, has 澳洲幸运5开奖号码历史查询:launched its own investigation to "consider whether the deal could harm competition and lead to wo🃏rse outcomes for consumers". It's due to give its initial decision on the matter by September 1.
Microsoft recently brushed off concerns from New Zealand's anti-competition regulators, the New Zealand Commerce Commission, saying that Activision Blizzard doe🦩sn't make any "must have" 𝓀games that might prevent competition from rival studios. Also threatening to hamper the merger is the ongoing 澳洲幸运5开奖号码历史查询:Activision Blizzard lawsuit and an investigation regarding 澳洲幸运5开奖号码历史查询:insider trading and 澳洲幸运5开奖号码历史查询:Activision's falling share prices which, even if the regulators give thei🅠r blessing, could still see the deal not being done.
See what Microsoft's latest acquisition could mean for Activision Blizzard and Xbox Game Studios.
Origin𝓀ally from Ireland, I moved to the UK in 2014 to pursue a Games Journalism and PR degree at Staffordshire University. Following that, I've freelanced for GamesMaster, Games TM, Official PlayStation Magazine and, more recently, Play and GamesRadar+. My love of gaming sprang from successfully defeating that first Goomba in Super Mario Bros on the NES. These days, PlayStation is my jam. When not gaming or writing, I can usually be found scouring the internet for anything Tomb Raider related to add to my out 💜of control memorabilia collection.
