The British regulator has given preliminary approval to the deal between Microsoft and Activision Blizzard. The biggest merger in the gaming industry may be finalised by the end of October
UK regulator CMA has released a new statement on the deal between Microsoft and Activision Blizzard.
Here's What We Know
In a press release, the CMA said that the organisation will continue to consult until October 6 on the biggest deal in the gaming industry.
So far, the CMA has given preliminary approval to the Microsoft and Activision Blizzard merger, but a final decision has yet to be made.
Microsoft president Brad Smith published a message in which he commented on the CMA's statement and expressed optimism that the long proceedings will soon come to an end.
We are encouraged by this positive development in the CMA's review process. We presented solutions that we believe fully address the CMA's remaining concerns related to cloud game streaming, and we will continue to work towards earning approval to close prior to the October 18...
- Brad Smith (@BradSmi) September 22, 2023
A favourable decision from the UK regulator will effectively put an end to the merger of the two US giants.
The CMA's final verdict is due by 18 October.
Source: CMA