Microsoft's $68.7 Billion Deal For Activision Approved In Another Country
Microsoft's blockbuster $68.7 billion deal to acquire Activision Blizzard has been approved in yet another region: South Korea. The country's Fair Trade Commission announced that it has cleared the deal. According to VGC, the approval was «unconditional.»
GameSpot has contacted Microsoft to get more details on the reported clearing of the deal in South Korea. VGC reported that Microsoft and Activision Blizzard games are not very popular in South Korea relative to other parts of the world.
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«And there are a number of popular game developers that competitors can deal with alternatively, so there is no possibility of foreclosure to exclude competing game service companies,» a statement from the Fair Trade Commission said.
South Korea becomes the 38th country globally to approve the deal, following the approval from China earlier in May. New Zealand is set to announce its decision on June 9.
Microsoft's proposed acquisition of Activision Blizzard has been approved by South Korea's Fair Trade Commission. South Korea is the 38th country to support the deal https://t.co/6jVD6r47KZ pic.twitter.com/RwsFt8BLKD
The European Union cleared the deal earlier in May, a move that was expected. What Microsoft was not expecting, though, was how the UK's Competition & Markets Authority blocked the buyout over concerns around the cloud gaming market.
Microsoft and Activision Blizzard are appealing that decision, and Activision Blizzard has hired the lawyer who
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