Since Microsoft announced the purchase of Activision Blizzard by Xbox at the beginning of the year, the news about this movement has been following the legal channels necessary for this operation to come to fruition. After the US Federal Trade Commission launched an investigation to rule out any monopolistic practice, now it has been the turn of another similar body.
Specifically, it has beenl UK Competition Control Agency which has launched an investigation into the purchase of Activision by Xboxto try to determine if “the deal could harm competition and lead to worse outcomes for consumers, for example through higher prices, lower quality or less choice”.
The purchase of Activision by Xbox begins to be investigated by the UK competition agency
As pointed out from cnbc, the CMA has established a deadline of September 1 to rule on their initial decision, after holding numerous comments with interested third parties with consultations that will last until July 20, 2022, at which time they will begin to deliberate on the matter.
Although some analysts are skeptical about the chances that the deal will be approved by regulators, the truth is that the purchase of Activision Blizzard seems to be getting closer, after the Activision Blizzard Shareholders’ Meeting approved the operation with a 98 % of votes in favour.
However, for now we will have to wait and see What decision ends up ruling the Competition Control Agency on the purchase of Activision by Xbox. Be that as it may, at the latest on September 1 we will clear up any doubts.