Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Microsoft's Activision deal will not harm competition -Japan watchdog

Published 03/28/2023, 05:09 AM
Updated 03/28/2023, 11:51 AM
© Reuters. FILE PHOTO: Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration/
MSFT
-
ATVI
-
SONY
-
7974
-
SWCH
-

TOKYO (Reuters) -Japan's antitrust watchdog said on Tuesday it did not expect a merger between Microsoft Corp (NASDAQ:MSFT) and Activision Blizzard (NASDAQ:ATVI) to stifle competition, helping clear the way for the Xbox maker's $69 billion acquisition of the "Call of Duty" creator.

The Japan Fair Trade Commission has notified the companies that it will not issue a cease and desist order, and closed its review on the matter, the regulator said.

Britain's competition regulator announced last week the acquisition would not harm competition in gaming consoles, removing a major obstacle to the deal, but said it was still looking at its impact on the cloud gaming market.

The takeover, the biggest ever in gaming, also remains subject to the scrutiny of regulators in the United States and Europe.

© Reuters. FILE PHOTO: Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration/

Microsoft's Xbox console competes with Sony (NYSE:SONY) Group Corp's PlayStation 5 and Nintendo Co Ltd (TYO:7974)'s Switch (NYSE:SWCH).

Microsoft in January last year announced the acquisition of Activision Blizzard, provider of highly popular first-person shooter series "Call of Duty" and online role-playing game "World of Warcraft".

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.