Microsoft says China approves $69-bn plan to buy Activision Blizzard
By MYBRANDBOOK
Microsoft said that China has given its approval to its $69-billion plan to acquire 'Call of Duty' maker Activision Blizzard without conditions. This comes days after the EU granted the deal its approval. The takeover deal still faces opposition in the US and the UK, which blocked the plan last month over concerns it would affect competition in cloud gaming.
European regulators representing the 27-nation bloc approved the deal on condition that Microsoft make some promises meant to boost competition in the emerging cloud-based gaming market.
China’s approval has become complicated because Activision Blizzard stopped offering many of its games in mainland China earlier this year, following a dispute with local publishing 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 Holdings.
China and the European Union are the two biggest economies to have approved Microsoft’s planned US$69 billion takeover of the California-based game publisher. Activision Blizzard is the maker of many popular game titles such as World of Warcraft, Call of Duty and Candy Crush.
According to Microsoft, China’s State Administration for Market Regulation cleared the acquisition without conditions.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : NEERAJ MITTAL
He started his career as an IAS Officer in 1992. He has held various a...
ICONS OF INDIA : RISHAD PREMJI
Rishad Premji is Executive Chairman of Wipro Limited, a $11.3 billion ...
Icons Of India : Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla recently made a comeb...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
STPI - Software Technology Parks of India
STPI promotes and facilitates the growth of the IT and ITES industry i...
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
Indian Tech Talent Excelling The Tech World - Aneel Bhusri, CEO, Workday
Aneel Bhusri, Co-Founder and Executive Chair at Workday, has been a le...