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The deal is nearly done as China grants Microsoft an "Unconditional clearance" for its plans to acquire Activision Blizzard. This latest approval follows another major milestone when it gained support from the European Commission. Microsoft has been succeeding with regulators from around the world and China's approval makes it the 37th country to approve the deal.
The deal has yet to pass in the UK where its Competition and Markets Authority (CMA) expressed concerns and cited multiple reasons in its final report blocking it. Microsoft is expected to appeal the CMA's decision. Meanwhile, in the U.S., Microsoft has had mixed success in getting support. While some U.S. senators have expressed support, there was enough pressure on the FTC, which filed its own lawsuit at the beginning of 2023, to block the deal. The Register reports hearing is set to happen on August 23 while interested parties have until June 19th to finish submitting their responses to the CMA.
A list of some of the countries that have already approved the deal includes Brazil, Chile, Serbia, Japan, the EU, Saudi Arabia, and now China. Other countries still reviewing the deal include South Korea, New Zealand, and Australia.
See full article...
The deal has yet to pass in the UK where its Competition and Markets Authority (CMA) expressed concerns and cited multiple reasons in its final report blocking it. Microsoft is expected to appeal the CMA's decision. Meanwhile, in the U.S., Microsoft has had mixed success in getting support. While some U.S. senators have expressed support, there was enough pressure on the FTC, which filed its own lawsuit at the beginning of 2023, to block the deal. The Register reports hearing is set to happen on August 23 while interested parties have until June 19th to finish submitting their responses to the CMA.
A list of some of the countries that have already approved the deal includes Brazil, Chile, Serbia, Japan, the EU, Saudi Arabia, and now China. Other countries still reviewing the deal include South Korea, New Zealand, and Australia.
See full article...
