New Zealand Grants Microsoft Clearance for Acquiring Activision Blizzard

[Tsing]

New Zealand has granted Microsoft clearance to buy Activision Blizzard, bringing the Windows and Xbox maker's pending, $69 billion deal for one of the industry's biggest gaming companies one step closer to finality. According to a media release shared by the island country's Commerce Commission, New Zealand gave the green light because it found the deal was "unlikely" to lessen competition in its respective games market. Brad Smith, Vice Chair and President at Microsoft, echoed the news through Twitter/X, explaining that it continues to work on resolving outstanding concerns, which presumably includes those from the UK's CMA.

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