Microsoft’s (MSFT) purchase of video game publisher Activision Blizzard (ATVI) received less scrutiny from the United Kingdom’s Competition and Markets Authority on Friday, sending Activision Blizzard shares soaring.
This is a big win for Microsoft’s efforts to expand its gaming business. The Redmond, Washington tech giant has expanded its focus on the gaming industry with mega-mergers like the acquisition of ZeniMax Media, the parent company of Bethesda Softworks.
In February, the CMA published preliminary findings from its takeover investigation, suggesting that the deal could result in higher prices, fewer choices, and less innovation. The government agency is concerned that the merger will decrease competition in the video game console market.
Since then, the regulator has received “a significant amount” of feedback from industry participants on the proposed merger. The CMA claims that the new information gives it more cause to believe that the merger will not negatively impact platform gaming competition.
CWEBÂ has provided some information for this story.
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