The deal, which was held up for months by antitrust regulators, is a major victory for Microsoft and the tech industry.
After months of regulatory delay, Microsoft has finally closed its $69 billion deal to buy Activision Blizzard, a video game maker that owns popular titles including the Call of Duty and Candy Crush franchises.the deal, saying it would give Xbox-owner Microsoft an unfair advantage in the gaming industry and contribute to anticompetitive consolidation in the tech industry.. The deal, which officially closed Friday, is the largest ever in the 48-year history of Microsoft.
The deal is a blow to antitrust regulators who’d targeted the acquisition as part of a broader strategy to rein in the growing power of the tech industry. Under the leadership of President Biden appointee Lina Khan, the Federal Trade Commission hasincluding Meta, Twitter, and Amazon, focusing on issues including acquisitions, consumer privacy, and misleading customers. from buying the augmented-reality start-up Within — could undercut Khan’s reputation as an effective antitrust figure.
The acquisition also is a setback for gaming competitors including Sony, the maker of the PlayStation. For decades, Microsoft has been best known as a purveyor of personal computers and office software. It also has become a juggernaut of the cloud computing industry. But in recent years, the company also has pursued an ambitious acquisition strategy, buying companies including the coding repository GitHub and the professional networking platform LinkedIn as it seeks to gain footholds in new tech territories. It alsoMicrosoft created the Xbox more than 20 years ago.
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U.K. Competition Regulator Greenlights Microsoft’s Activision Blizzard AcquisitionI am a Breaking News Reporter at Forbes, with a focus on covering important tech policy and business news. Graduated from Columbia University with an MA in Business and Economics Journalism in 2019. Worked as a journalist in New Delhi, India from 2014 to 2018.
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Microsoft gets the go-ahead from U.K. regulators to buy Activision BlizzardBarbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter bkollmeyer.
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