Microsoft CEO is Very Confident About Approval of Activision/Blizzard Buyout

A proposed buyout for Activision/Blizzard is currently under regulatory scrutiny but Microsoft CEO is confident about its approval.

microsoft ceo satya nadella planned acquisition of activision/blizzard uk competition and markets authority call of duty exclusivity xbox competition playstation ps4 ps5
Microsoft CEO is Very Confident About Approval of Activision/Blizzard Buyout

In a biggest-ever buyout of gaming industry, Microsoft officially announced a proposed deal of $68.7 billion for acquiring major video game developer/publisher Activision/Blizzard earlier this year, which will be closing by fiscal year 2023.

Obviously, a deal of such massive scale would be scrutinized by regulators while Sony and Xbox executives throw shade at each other. Amidst ongoing debate, CEO of Microsoft discussed how confident they are about regulatory approval.

Microsoft CEO Satya Nadella recently sat down with Bloomberg for an interview, talking about how they feel very confident about getting approved while regulators are currently scrutinizing aspects of the acquisition for anti-trust issues.

Xbox boss Phil Spencer has previously agreed to make Call of Duty available on PlayStation for years beyond current deal that Sony believes to be inadequate and regulators are worried over PlayStation's ability to compete against rivals.

Nadella also added that Microsoft is either fourth of fifth biggest player in gaming industry and currently, Sony holds number one spot. If this is about competition, let us have competition, he also said in a fitting response to Sony's claims.

Sony Interactive Entertainment CEO Jim Ryan is frantically seeking access to future Call of Duty games on equal terms regardless of locking away exclusive content on PlayStation for years as Call of Duty may become Xbox-exclusive soon.

Activision and Sony is currently in agreement to release Call of Duty: Modern Warfare II as well as Warzone 2.0. A third game from Black Ops series developer Treyarch is also included, which may not officially launch very soon until 2024.

Activision/Blizzard acquisition deal is easily one of industry's biggest buyout, surpassing merger of Take-Two and Zynga for $12.7 billion. UK's Competition and Markets Authority has officially expanded their inquiry to second phase lately.
Next Post Previous Post
No Comment
Add Comment
comment url