Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens for their handwritten clues from the past, rain and snow, Daniel Wu in South China, Guohei 001, Rimi Happiness in Ishihara, imp47, and soft media new friends 1933769! CTOnews.com, May 21 (Xinhua)-- Technology giant Microsoft's planned $69 billion acquisition of game company Activision Blizzard has been unconditionally approved by China's antitrust authorities, and a Microsoft spokesman confirmed to IGN that the deal has been approved by China's State Administration of Market Supervision and Administration, Dealreporter reported.

Microsoft said: "the acquisition of Activision Blizzard has now been approved in 37 countries, including 27 countries in the European Union and 10 other countries, including China, Japan and Brazil, covering more than 2 billion people. This acquisition, combined with our recent commitment to the European Commission, will enable global consumers to play more games on more devices."

Although Microsoft has been approved in all countries, it has not yet convinced the Competition and Markets Authority (CMA) in the UK and the Federal Trade Commission (FTC) in the United States.

CTOnews.com noted that Microsoft recently got the green light from the EU regulator, but with some conditions. EU regulators said the deal itself would not reduce competition in the console market, but could affect the cloud gaming sector in the coming years. " The European Commission has asked Microsoft to automatically license Activision Blizzard's popular games to rival cloud gaming services. This will apply globally and will enable millions of consumers around the world to play these games on any device they choose, "Microsoft President Brad Smith said in a statement." Microsoft has provided the solution by signing exclusive agreements with various cloud game platforms, providing the latter with royalty-free licenses for Activision games. Although CMA believes that this proposal will not solve the problem, the European Commission agrees that it will increase competition in the market.

Sony, Microsoft's only competitor in the console market, strongly opposed the deal, saying it planned to monopolize Activision games over Xbox and PC and damage the competitive nature of the market. Microsoft, on the other hand, claims that making games exclusive will only bring losses to the company. Microsoft tried to provide Sony with the same solution, but was rejected. FTC is still investigating the deal, and a hearing is scheduled for August 2. For the UK market, Microsoft plans to appeal the decision.

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