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Home Company Microsoft

Microsoft and Activision Blizzard: The FTC could approve the acquisition in August

RMCTeam by RMCTeam
July 16, 2022
in Microsoft, News
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Blizzard and Microsoft Deal

Blizzard and Microsoft Deal

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The green light from the Federal Trade Commission for Microsoft’s acquisition of Activision Blizzard could come next month. A few hours ago the Redmond giant confirmed that it had responded to the second request for sending documentation by the FTC and now the US government agency has 30 days to request further information, otherwise it will have to automatically approve the operation.

Consequently, the agreement between Microsoft and Activision Blizzard could materialize as early as August, with numerous IPs, including those of Call of Duty, World of Warcraft, Diablo, Overwatch and Crash Bandicoot, which would officially become part of the already rich verdecrociato catalog.

Microsoft’s acquisition of Activision Blizzard was announced at the end of last February. This is a pharaonic agreement worth 68.7 billion dollars. Consequently, we are also talking about a rather delicate operation that inevitably led to a thorough investigation by the Federal Trade Commission.

Microsoft plans to welcome Activision Blizzard to its stable by June 30, 2023. However, in May, President Brad Smith said the acquisition was proceeding “fast”, a sign that the transaction could materialize well before that date.

This week, however, Sony has formalized the acquisitions of Bungie and Haven Studios.

If you like our news and you want to be the first to get notifications of the latest news, then follow us on Twitter and Facebook page and join our Telegram channel. Also, you can follow us on Google News for regular updates.

Source: Seekingalpha
Tags: BlizzardMicrsoftNews

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