Microsoft's Activision Deal Wins Blessing From One More Regulator - Japan Gives Clean Chit

  • On Tuesday, Japan's antitrust watchdog said it did not expect a merger between Microsoft Corp's MSFT and Activision Blizzard Inc ATVI takeover to hamper competition.
  • 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, Reuters reports.
  • Last week, Britain's competition regulator disclosed that the takeover would not harm competition in gaming consoles. However, the watchdog continues scrutinizing the deal over the possible impact on the cloud gaming market.
  • The updated analysis shows that it would not be commercially beneficial to Microsoft to make CoD exclusive to Xbox after the deal. 
  • The takeover also remains subject to the scrutiny of regulators in the U.S. and Europe.
  • Recently Microsoft cut decade-long deals with Nvidia Corp NVDA and Nintendo Co, Ltd (OTC: NTDOF) NTDOY to win over opposition against its Activision deal.
  • Price Action: ATVI shares traded higher by 0.19% at $84.49 on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!