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UK clears Microsoft's $69 bn Activision deal
Mint Mumbai
|October 14, 2023
Microsoft Corp. completed its $69 billion purchase of Activision Blizzard Inc. after a nearly two-year fight with global regulators threatened to scuttle the deal.
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The biggest-ever acquisition in the video game industry gives the maker of Xbox consoles a more formidable position against rivals, vaulting it from fifth to third place globally, behind Tencent Holdings Ltd and Sony Group Corp.
The acquisition is a stunning turnaround after Microsoft executives underestimated the magnitude and longevity of antitrust objections, forcing the software giant to seek a three-month extension of the deal's expiration period from Activision.
Diese Geschichte stammt aus der October 14, 2023-Ausgabe von Mint Mumbai.
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