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Britain Ukraine South Africa Microsoft Activision Blizzard Microsoft ABK acquisition

28.04.2023 - 21:31

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gamesindustry.biz:

Ukraine joins the list of countries that have approved Microsoft's proposal to acquire Activision Blizzard for $68.7 billion.

The country's Antimonopoly Committee announced yesterday, per Google Translate, that it authorized the deal, noting that it had few concerns regarding cloud gaming competition.

In the statement, the governing body said, "Microsoft Corporation and Activision Blizzard, Inc. do not carry out economic activity in the field of cloud gaming services in Ukraine."

"So the concerns expressed by the [European Commission] and the reasons for the prohibition of concentration in Great Britain are not relevant for assessing its impact on the dynamics of competition in Ukraine. Taking into account the above-mentioned factors, the Committee allowed the specified concentration."

The decision comes a week after South Africa also approved the merger of the companies.

The news comes a day after the UK's Competition and Markets Authority blocked Microsoft's proposed acquisition of Activision Blizzard over concerns that the deal would "alter the future" of the cloud gaming market.

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