Activision Blizzard CEO Bobby Kotick Lawsuit

Microsoft’s Activision Deal Won’t Close Until June 2023

Regulators are currently investigating the Microsoft-Activision deal. Some regulators including the UK plan to launch a second probe into the deal which will see Microsoft forced to provide feedback on some key concerns surrounding the acquisition. These include issues surrounding Microsoft’s presence in the cloud gaming industry as well as exclusivity concerns regarding Blizzard games. However, Activision CEO Bobby Kotick thinks that everything will end up going in Microsoft’s favour in the end.

The CEO spoke about the ongoing $69 billion deal during the latest quarterly financial reports for the company. He mentioned that Activision is expected the deal to close by June 2023.

Our games are the result of passion and excellence. This comes from an environment that fosters inspiration, creativity, and an unwavering commitment to develop and support our talent. Our employees’ dedication and teamwork are at the heart of an extraordinary workplace that enables the magic embodied in our games. We look forward to continuing to release epic entertainment in service of our global community of players as a part of Microsoft, one of the world’s most admired companies. We continue to expect that our transaction will close in Microsoft’s current fiscal year ending June 2023

The current purchase has been approved in Brazil but the UK is currently holding it back. The CMA (Competition and Markets Authority) has even opened up the purchase to the public’s opinion asking for general customers to give feedback on the acquisition. Microsoft’s CEO Satya Nadella is quite certain the deal will go through and now Bobby Kotick is feeling optimistic about it too.

NOW READ EU to Launch Advanced Probe Into Microsoft Activision Deal

Marco is the owner and founder of GLITCHED. South Africa’s largest gaming and pop culture website. GLITCHED quickly established itself with tech and gaming enthusiasts with on-point opinions, quick coverage of breaking events and unbiased reviews across its website, social platforms, and YouTube channel.

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