China approves Microsoft's acquisition of Activision Blizzard
The country did not raise any objections and approved the acquisition
The purchase of Activision Blizzard by Microsoft has been approved by Chinese regulatory authorities on Friday (19). According to information released by Seeking Alpha editor Joshua Fineman, the approval was granted without reservations.
The Chinese authorities' approval is another step forward for Microsoft and Activision Blizzard, who recently received approval from the European Union.
Although positive, the Chinese approval does not guarantee that the acquisition is fully on track for successful completion. The companies involved in the deal still need to deal with the Competition and Markets Authority (CMA) in the United Kingdom and the Federal Trade Commission (FTC) in the United States.
Currently, Activision and Microsoft are preparing an appeal against the British regulatory authority and gearing up for a trial of the case in the United States. This process could take several months.
Among the countries that have approved the purchase so far are Brazil, Chile, Japan, Saudi Arabia, Serbia, South Africa, and China, in addition to the European Union, which includes more than 25 countries.
The purchase of Activision Blizzard by Microsoft has been approved by Chinese regulatory authorities on Friday (19). According to information released by Seeking Alpha editor Joshua Fineman, the approval was granted without reservations.
The Chinese authorities' approval is another step forward for Microsoft and Activision Blizzard, who recently received approval from the European Union.
Although positive, the Chinese approval does not guarantee that the acquisition is fully on track for successful completion. The companies involved in the deal still need to deal with the Competition and Markets Authority (CMA) in the United Kingdom and the Federal Trade Commission (FTC) in the United States.
Currently, Activision and Microsoft are preparing an appeal against the British regulatory authority and gearing up for a trial of the case in the United States. This process could take several months.
Among the countries that have approved the purchase so far are Brazil, Chile, Japan, Saudi Arabia, Serbia, South Africa, and China, in addition to the European Union, which includes more than 25 countries.
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