China Approves Activision Blizzard's acquisition by Microsoft.
Microsoft announced Friday that China has unconditionally approved its plan to acquire video game company 'Activision Blizzard', despite antitrust opposition in the United States and the United Kingdom. The fact that Activision Blizzard earlier this year stopped selling many of its games in mainland China due to a disagreement with its local publishing partner, NetEase, complicates China's approval. The two largest economies, China and the European Union have approved Microsoft's proposed $69 billion acquisition of the California-based game publisher responsible for hit games like Candy Crush, Call of Duty, and World of Warcraft. On the condition that Microsoft makes several commitments to increase competition in the nascent cloud-based gaming market, European regulators speaking for the 27-nation bloc approved the deal on Monday. Microsoft claims that the State Administration for Market Regulation in China gave it the green light without any conditions. However, as of...
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