Microsoft Activision Blizzard CMA

Ukraine Has Approved Microsoft’s Activision Blizzard $68.7 Billion Acquisition

Following the UK's CMA blocking the deal last week

It may not be all rejection for Microsoft’s $68.7 Billion acquisition of Activision Blizzard as Ukraine’s Antimonopoly Committee has announced that it has approved the deal between the two entities, according to GameIndustry.Biz. Ukraine will join six other countries giving the “OK” for the deal to go ahead including Brazil, Chile, Japan, Saudi Arabia, Serbia and South Africa.

The news comes after the fallout after the Competition and Markets Authority (CMA) blocked the deal in the U.K over concerns about the cloud gaming market. To that, the Ukraine Commission adds that both companies do not have a cloud gaming service presence in the country so those concerns do not really apply to them.

“So the concerns expressed by the [European Commission] and the reasons for the prohibition of concentration in Great Britain are not relevant for assessing its impact on the dynamics of competition in Ukraine. Taking into account the above-mentioned factors, the Committee allowed the specified concentration,” Ukraine’s Antimonopoly Committee said in a translated statement.

As for CMA, Microsoft and Activision Blizzard are working together to overturn the UK regulator’s decision to block the acquisition saying that the decision is “a disservice to U.K. citizens, who face increasingly dire economic prospects. We will reassess our growth plans for the U.K.”