It’s official: Microsoft’s Activision acquisition has been closed
It’s really happening — 20 months after Microsoft first announced its plans to acquire Activision Blizzard in the largest video game merger of all time, the deal has now been closed ahead of the October 18 deadline.
In a news post on Xbox Wire, Xbox boss Phil Spencer has confirmed that as of today (October 13), «we officially welcome Activision Blizzard and their teams to Xbox».
«As one team, we’ll learn, innovate, and continue to deliver on our promise to bring the joy and community of gaming to more people,» Spencer wrote. «We’ll do this in a culture that strives to empower everyone to do their best work, where all people are welcome, and is centered on our ongoing commitment of Gaming for Everyone. We are intentional about inclusion in everything we do at Xbox – from our team to the products we make and the stories we tell, to the way our players interact and engage as a wider gaming community.»
This comes after months of scrutiny from regulators, including a court case against the US Federal Trade Commission (FTC), and a major setback from the UK’s Competition and Markets Authority (CMA), which initially blocked the deal over concerns that it could harm competition in cloud gaming in the UK. However, Microsoft directly addressed these concerns by amending the deal to state that it would sell the cloud streaming rights for both current and new Activision games (released over the next 15 years) to Ubisoft.
The CMA gave its official approval of the updated merger deal today (October 13), after first giving its preliminary approval last month. Martin Coleman, the chair of the independent panel who reviewed the original proposal, said in a statement that the new deal is “better for competition, better for consumers, and
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