Updated News Around the World

Microsoft says China approves its plan to buy video game-maker Activision Blizzard

Activision
Credit: Unsplash/CC0 Public Domain

Microsoft said Friday that China has unconditionally approved its plan to buy video game company Activision Blizzard, even as the deal still faces antitrust opposition in the U.S. and United Kingdom.

China’s approval is complicated by the fact that Activision Blizzard stopped offering many of its games in mainland China earlier this year because of a dispute with its local publishing partner.

China and the European Union are the two biggest economies to have approved Microsoft’s planned $69 billion takeover of the California game publisher behind popular titles such as World of Warcraft, Call of Duty and Candy Crush.

European regulators representing the 27-nation bloc approved the deal Monday on condition that Microsoft make some promises meant to boost competition in the emerging cloud-based gaming market.

China’s State Administration for Market Regulation cleared it without conditions, according to Microsoft, though as of late Friday the agency’s website didn’t mention the decision.

Game sales in mainland China come with a requirement that game-makers work with a Chinese publisher to release titles in the country. And since earlier this year, popular Activision Blizzard franchises such as World of Warcraft, the StarCraft series, Overwatch and Diablo have been suspended because of a disagreement between Activision subsidiary Blizzard Entertainment and its Chinese partner, NetEase.

Blizzard had a longstanding partnership with NetEase dating to 2008, which helped the latter company grow to become China’s second-largest games distributor after local rival Tencent.

But the U.S. company said late last year it would suspend most of its game services in China after current licensing agreements ended, leading to a public spat between the two companies.

Microsoft says its planned Activision acquisition—considered the priciest tech deal in history—now has been cleared in 37 countries, which includes the 27 in the EU as well as 10 others such as China, Japan and Brazil. But the blockbuster deal is still in jeopardy because British regulators have rejected it and U.S. authorities are trying to thwart it.

© 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Citation:
Microsoft says China approves its plan to buy video game-maker Activision Blizzard (2023, May 20)
retrieved 20 May 2023
from https://techxplore.com/news/2023-05-microsoft-china-buy-video-game-maker.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsUpdate is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.