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Today has been another important day in the purchase of Activision Blizzard, after South Korea has confirmed that it has approved the acquisition worth 68.7 million dollars, without the need for it to be applied no kind of concession. In addition, the appeal process against the CMA has also begun, with which both Microsoft and Activision are loaded with arguments to try to turn around the situation in British territory.
With the New Zealand decision on the horizon, and the FTC foreseeably for this summer, it is still early to celebrate anything, but Activision Blizzard has been very satisfied with the ruling produced by the KFTC, the Korean competition agency. South. In fact, the company has taken advantage of send a message to the rest of the organizations that have not yet accepted their purchase by Microsoft (in clear reference to the CMA and the US FTC).
Activision Blizzard charges against Western organizations due to its position in the purchase by Microsoft
The American company wanted to highlight the importance of the approval of South Korea and China, as well as that of Japan, which already occurred several weeks ago. In their reaction to the decision of the first of the mentioned countries, they have highlighted that the companies of the most important continent in the video game market are approving their purchase by Microsoftwhile the western organisms are putting obstacles to the agreement.
The most formidable gaming companies in the world are based in Asia. Yet their home countries are allowing US companies to compete on a level playing field, while regulators elsewhere appear to be helping market leaders enshrine their dominance.
With its unconditional approval of our merger with Microsoft, South Korea joins dozens of other countries, including China and Japan, in welcoming increased competition and consumer benefits in the growing gaming industry.
In this way, Activision Blizzard wanted to highlight that in markets as important as those mentioned, the highest competition agencies are not demanding any type of concession; while in the United Kingdom and the United States (places where the current businesses are located or were born) they put obstacles to trying to have a more competitive and fair market.
This is the Regulation of the digital sector, which gives wings to the Xbox Mobile Platform to compete with the Google-Apple duopoly
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We will have to see how this whole situation ends, but given the approval of the aforementioned countries, and other important territories such as the European Union, it seems that it is only a matter of time before Activision Blizzard becomes part of Microsoft. Although you still have to tread carefully for any possible setback.