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On Wednesday the UK competitor regularly announced the launch of an antitrust investigation into Microsoft’s proposed $ 68.7 billion acquisition of video gaming giant Activision blizzard. It is one of the biggest gains in the tech industry. Microsoft is a multinational technology corporation that is proficient in producing computer software, electronics, and personal computers. This deal will boost Microsoft’s standing in the growing gaming industry. The all-cash transactions are valued at $ 68.7 billion. This will make the company the third-largest gaming company by revenue after Tencent & Sony. Microsoft had previously said that it is expecting that antitrust officials will scrutinize how the deal announced in January may affect the competition.
Activision Blizzard Inc. is an American video game holding company. It is based in Santa Monica, California.
The chairman and CEO of Microsoft Satya Nadela said “ We are investing deeply in world-class content, community, and the cloud to usher in the new era of gaming that puts players and creators first and makes gaming safe, inclusive, and accessible to all.
The corporate vice president and general counsel of Microsoft Lisa Tanzi said “ We have been clear about how we plan to run our gaming business and why we believe that the deal will benefit gamers, developers, and the industry “. In February Microsoft announced many several commitments that will apply to its gaming business.
This deal may affect competition in the video game Industry, app stores, and even labor markets.
