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“MICROSOFT'S ACTIVISION DEAL HAS NOW REPORTEDLY BEEN APPROVED BY CHINA”
Linktree: https://linktr.ee/Analytic
The $69 billion Xbox Activision deal buyout has reportedly been approved by China's regulatory body.
According to DealReporter (via SeekingAlpha), China's State Administration for Market Regulation recently gave the deal its unconditional approval in a late-phase review, handing Microsoft and Activision another win on their volatile and uncertain path to closing the acquisition.
The deal faced another significant setback last month when UK regulators formally moved to block, but soon after regained some momentum when it was approved by the European Union. Arguably its most significant hurdle will come later this year when the US Federal Trade Commission is set to begin hearings on its lawsuit seeking to stop the buyout due to anti-competition concerns.
source: Microsoft's Activision deal has now reportedly been approved by China (yahoo.com)
Privacy & Opt-Out: https://redcircle.com/privacy
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By Analytic_DreamzLinktree: https://linktr.ee/Analytic
The $69 billion Xbox Activision deal buyout has reportedly been approved by China's regulatory body.
According to DealReporter (via SeekingAlpha), China's State Administration for Market Regulation recently gave the deal its unconditional approval in a late-phase review, handing Microsoft and Activision another win on their volatile and uncertain path to closing the acquisition.
The deal faced another significant setback last month when UK regulators formally moved to block, but soon after regained some momentum when it was approved by the European Union. Arguably its most significant hurdle will come later this year when the US Federal Trade Commission is set to begin hearings on its lawsuit seeking to stop the buyout due to anti-competition concerns.
source: Microsoft's Activision deal has now reportedly been approved by China (yahoo.com)
Privacy & Opt-Out: https://redcircle.com/privacy