After a somewhat rocky two months, Microsoft has finally received another approval for the Activision merger, this time from South Korea.
The main reason being that due to their relatively small market share, the South Korean Fair Trade Commission found that Microsoft’s acquisition of Activision Blizzard will not have a negative impact on competition in the console gaming market.
The number of console users in the domestic market is small, with people showing a relatively higher preference for PC games. The likelihood of Microsoft restricting competition, considering their primary focus on providing cloud-based content through Xbox consoles, is limited.
Now, UK’s CMA hasn’t approved the deal, but there are chances that their decision may be reversed. After all, Microsoft is all in on closing the deal if CMA agrees to the merger.
Microsoft’s Acquisition Has Been Cleared by the FTC
Following the European Union’s approval on May 15th, the FTC said today that it approved the $68.7 billion agreement that was submitted in April of last year.
The financial regulator concluded that the low market share of games made and distributed by the two firms in Korea meant that the acquisition wouldn’t hinder competition in the console industry.
This is a developing story, check back later for more
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