South Korea has backed the merger between Microsoft and Activision Blizzard. The deal has already been approved by 39 countries

By: Anton Kratiuk | 30.05.2023, 14:03
South Korea has backed the merger between Microsoft and Activision Blizzard. The deal has already been approved by 39 countries

Another country has backed the merger between Microsoft and Activision Blizzard.

Here's What We Know

South Korea has become the thirty-ninth country to give its approval to the biggest deal in the gaming industry.

The Fair Trade Commission (KFTC) has not seen serious risks to the South Korean market and noted that the merger, on the contrary, will have a positive effect on competition among game console manufacturers.

For now, Microsoft's main goal is to convince the US Federal Trade Commission (FTC) of the legality of the deal and win the case in the court of appeals against the UK regulators (CMA).

Source: Korea JoongAng Daily