Friday, December 2, 2022
Home GAMING Microsoft CEO 'very confident' Activision Blizzard acquisition will be approved

Microsoft CEO ‘very confident’ Activision Blizzard acquisition will be approved

As Microsoft begins to feel more pressure from regulators over its $69 billion acquisition of Activision Blizzard, CEO Satya Nadella has said he is “very confident” the deal will go through.

Government scrutiny of the Microsoft takeover has increased in recent weeks, with the UK Competition and Markets Authority announcing that it was moving into a deeper “phase 2” of its investigation, having determined that the takeover would lead to the “realistic prospect of a substantial decline in competition in game consoles, multi-game subscription services, and cloud gaming services.”

Sony has also become increasingly vocal about the proposed deal, particularly in regards to potential console exclusivity around Call of Duty. Earlier this month, for example, PlayStation boss Jim Ryan called Microsoft’s assurances that the hugely popular shooter would remain on PS5 after the acquisition “inadequate.”

Eurogamer Newscast: Were Nintendo Direct and Sony State of Play a disappointment?

It is in this climate that Microsoft CEO Satya Nadella has once again discussed the acquisition, dismissing recent developments as the norm. “Of course, any acquisition of this size will come under scrutiny,” he said. told Bloomberg“But we feel very, very confident that we will get out.”

Nadella also argued that Microsoft was the no. 4 or not. 5 competitor in the video game industry, noting that Sony, whom she called the biggest, had recently made a number of major acquisitions on its own. “So if this is about competition, let’s have competition,” she said.

Since last year, Sony’s video game acquisitions have included Returnal Housemarque developer Jade Raymond’s Haven Studios, Demon’s Souls remake developer Bluepoint, PC port specialist Nixxes Software, UK studio Firesprite, mobile games Savage Game Studios, Valkyrie Entertainment and, perhaps most notably, Destiny Studio Bungie. Though as a business lawyer and featured host of the video game industry legal podcast Virtual Legality Richard Hoeg observed following Nadella’s comments, “it’s possible that every acquisition in gaming history will fit within the size of the ABK deal.”

Expect a lot more back and forth as regulatory scrutiny of the Microsoft acquisition continues. If all goes well, the deal is expected to be approved next summer.


[ad_2]

RELATED ARTICLES

The ‘Mean Sisters’ on the liberating pleasures of attempted murder

For her Apple TV+ series "Bad Sisters," Sharon Horgan adapted the dark Flemish farce "Clan" into a character-focused, very Irish comedy mystery with a...

Daily Cartoon: Thursday, November 24

"Let's hope they overeat, feel guilty, and take us for a run."

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Georgia Supreme Court reinstates state ban on abortions after about six weeks of pregnancy

Georgia Supreme Court reinstates state ban on abortions after about six weeks of pregnancy

Adderall and amoxicillin shortages raise questions about transparency at Big Pharma

Critical shortages of the ADHD drug Adderall and the antibiotic amoxicillin have left families reeling as the medications their loved ones need become harder...

Humberside Police judged ‘outstanding’ five years after being classified as failing | politics

A police force has gone from being classified as a failure five years ago to receiving the highest ratings in the modern era from...

Readers discuss Trump devotees, Republican love of guns and healthy eating – New York Daily News

Medford, LI: On successive news days this Thanksgiving week, I read that US Attorney General Merrick Garland has appointed a special prosecutor to investigate...