New Zealand's primary competition regulator, the Commerce Commission, has approved Microsoft's acquisition of Activision Blizzard.
31.07.2023 - 20:15 / mmorpg.com / New
Following victories over the FTC in the United States and other approvals from regulatory bodies in the EU and other locations, Microsoft is trying to convince the UK Competition and Markets Authority ( CMA ) to change its mind and approve the company’s deal to acquire Activision Blizzard. In an unusual step, the CMA is requesting new comments on the deal and will consider them ahead of its final order due next month.
Microsoft has submitted a report to the CMA intending to convince the regulatory body to overturn itsrejection of the deal over cloud gaming. The full report has been released by the CMA and details Microsoft's claims and The Stance they are taking in order to try and convince the UK to let the deal happen.
Microsoft and Activision Blizzard have agreed to postpone their deal's closing date to October in order to work to get the deal approved in the UK. Among Microsoft's statements in the report include the victory over the US Federal Trade Commission, and the commitments that Microsoft made, via a series of 10-year deals that won over the European Commission. One of the newest developments is a deal that Microsoft signed with Sony to keep Call of Duty on PlayStation, in line with other 10-year deals the company signed with other platforms.
Call of Duty has been a stickler in these negotiations, and this is something that Sony has been highlighting, and Microsoft is taking advantage of the fact that they now have a signed deal with Sony, essentially settling some of the origins of moves to block the acquisition deal.
The CMA is due to release its final report at the end of August, but they have opened a call for comments following Microsoft's new report submission. Particularly in light of the deal with Sony.
“In response to that notice, Microsoft has made a series of submissions to the CMA about developments since the publication of the Report, including the acceptance by the European Commission of commitments offered by Microsoft and the agreement recently entered into between Microsoft and Sony,” the CMA’s new call says.
The final report is due by August 29th.
New Zealand's primary competition regulator, the Commerce Commission, has approved Microsoft's acquisition of Activision Blizzard.
While Microsoft sent its final submission to the Consumer Markets Authority in the UK regarding its acquisition of Activision Blizzard, another regular has approved the deal. New Zealand’s Commerce Commission announced its approval, noting its focus on “the importance of Activision games (such as Call of Duty, Overwatch and World of Warcraft) to New Zealand gamers.”
One more country has approved Microsoft's mega purchase, leaving only one more pending outside of the UK's roadblock.
New Zealand has become the latest company to approve Microsoft‘s impending purchase of Activision Blizzard.
Today, after a long list of eight delays (called time extensions), the New Zealand Commerce Commission has officially cleared Microsoft's acquisition of Activision Blizzard. That makes the Pacific Ocean island country the 42nd where the deal has been approved, although technically, the Federal Trade Commission may still continue to pursue its in-house judiciary process even after being defeated in federal court following the request for a preliminary injunction.
Microsoft has sent a final report to the UK's Competition and Markets Authority (CMA) in an effort to persuade the watchdog to overturn its block on the US tech giant's plan to acquire Activision Blizzard.
With the US Federal Trade Commission’s request for an injunction on the Microsoft acquisition of Activision Blizzard denied, approval from the UK’s Competition and Markets Authority (CMA) is the only obstacle left. The latter initially denied the deal, with an appeal set to occur on July 28th, but the Competition Appeal Tribunal (CAT) provided two months for both parties to resolve the same.
Microsoft has submitted a material changes of circumstances document to the UK's regulator which stands opposed to its $68.7bn Activision Blizzard acquisition, urging it to drop its block of the deal.
By Tom Warren, a senior editor covering Microsoft, PC gaming, console, and tech. He founded WinRumors, a site dedicated to Microsoft news, before joining The Verge in 2012.
The UK regulator the CMA has requested additional comments around Microsoft's bid to buy Activision Blizzard.
Microsoft's Activision Blizzard deal is back in the hands of Britain's antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the US software giant's takeover were published.
After recent court losses preventing the agency from preventing Microsoft’s deal to acquire Activision Blizzard from closing, the United States Federal Trade Commission has suspended its internal administrative challenge to the deal. A hearing was set to begin in early August if the process were to continue at this time.