After months of being critical of Microsoft’s Activision Blizzard acquisition, UK Regulator the Competition and Markets Authority (CMA) has given preliminary approval to the almost $69 billion deal, according to a press release.
“The CMA provisionally concluded that the solutions we have offered to address its concerns about the impact of the acquisition on future competition in cloud game streaming are acceptable. This is a positive development and a welcome indicator that our hard work is bringing us closer to our goal,” Xbox Head Phil Spencer said in a memo to employees.
“Prior to making its final decision on whether to clear the transaction, the CMA is soliciting feedback from the industry and public. During this time, we will continue to work toward addressing any remaining concerns and earning approval to close.”
Microsoft isn’t at the finish line of this almost two-year-long acquisition marathon as CMA is opening up a consultation to gain third-party feedback on Microsoft’s proposed remedies, which is set to go until October 6th. The final decision of Microsoft’s second chance of getting the approval of its Activision Blizzard acquisition has a deadline of October 18th. This means that if approved, we have less than one month before this acquisition saga can finally come to a close.