Microsoft's $69 Billion Takeover of Activision , Takes Another Step Toward Approval.<br />Microsoft's $69 Billion Takeover of Activision , Takes Another Step Toward Approval.<br />'Bloomberg' reports that Microsoft's chances of gaining approval for its acquisition of Activision Blizzard increased after U.K. regulators reduced the scope of their probe.<br />According to the Competition and Markets Authority (CMA), <br />"a significant amount" of new evidence <br />suggests that Microsoft is unlikely to profit <br />from exclusive access to top-selling franchises. .<br />As one of the 30-largest acquisitions of all time, Microsoft's <br />proposed takeover of Activision Blizzard has come <br />under scrutiny in both the United States and Europe.<br />As one of the 30-largest acquisitions of all time, Microsoft's <br />proposed takeover of Activision Blizzard has come <br />under scrutiny in both the United States and Europe.<br />On March 24, the CMA argued that data <br />suggests the strategy of selling off 'Call of Duty' , “would be significantly loss-making <br />under any plausible scenario.” .<br />The CMA's probe will now reportedly <br />be narrowed to cloud gaming, echoing <br />similar decisions made in the European Union. .<br />In response to the news, Activision shares <br />climbed about 6% as the U.S. market <br />opened, reaching $84.58.<br />We appreciate the CMA’s rigorous <br />and thorough evaluation of <br />the evidence and welcome <br />its updated provisional findings. , Microsoft spokesperson, via 'Bloomberg'.<br />'Bloomberg' reports that Activision has also <br />defended the acquisition, emphasizing that <br />U.K. regulators' concerns have been addressed. .<br />Sony’s campaign to protect <br />its dominance by blocking our <br />merger can’t overcome the facts, <br />and Microsoft has already presented effective and enforceable remedies <br />to address each of the CMA’s <br />remaining concerns. , Activision spokesperson, via 'Bloomberg'.<br />We know this deal will benefit <br />competition, innovation, <br />and consumers in the U.K, Activision spokesperson, via 'Bloomberg'
