South Korean mistrust The regulator said on Thursday that it has begun a review of the deal proposed by the US software giant Microsoft Leading game developer to buy Activision Blizzard.
The Fair Trade Commission (FTC) said it plans to see whether the merger of the two US firms could affect competition in the online games market, Yonhap news agency reports.
In January, Microsoft announced plans to acquire Activision. blizzard for $68.7 billion, and it asked the FTC last week to review its proposed acquisition for approval.
US competition watchdog is also reportedly reviewing Microsoft’s acquisition of Call of Duty (COD) maker gaming company Activision Blizzard.
Microsoft’s acquisition of video game maker Activision Blizzard is yet another play by the tech giant to secure its stake in the nascent metaverse and bring more intellectual property (IP) under the Xbox and Game Pass umbrella.
When the transaction closes, Microsoft will become the world’s third-largest gaming company by revenue, behind Tencent and Sony.
Following the 2014 acquisition of Mojang (creator of Minecraft) and the 2021 acquisition of ZeniMax Media/Bethesda (creator of Doom, Elder Scrolls, and Fallout), Activision Blizzard has been developing for Microsoft such as Call of Duty, World of Warcraft, and Candy Crush. Brings IP.