2023-10-13 06:31:06
PARIS (Agefi-Dow Jones)–The British competition authority, the Competition and Markets Authority (CMA), announced on Friday that it had authorized the takeover of the video game publisher Activision Blizzard by the IT group Microsoft, for an amount of 75 billion dollars.
In its press release, the CMA indicated that the planned transaction no longer constituted a major threat to competition in the “cloud gaming” segment, in view of the modified acquisition project presented by Microsoft. The IT group has decided to waive streaming rights to Activision Blizzard’s catalog in the European Economic Area (EEA). They will be sold to Ubisoft.
Microsoft and Activision announced in July that they had extended their merger agreement until October 18 in order to have more time to obtain the final authorizations necessary for their merger.
Microsoft announced in January 2022 that it had reached an agreement to acquire Activision for $69 billion excluding debt.
-Dimitri Delmond, Agefi-Dow Jones; +33(0)141274731; [email protected] ed: LBO
Agefi-Dow Jones The financial newswire
(END) Dow Jones Newswires
October 13, 2023 02:29 ET (06:29 GMT)
1697179403
#British #CMA #authorizes #acquisition #Activision #Microsoft #October
