Mon. Feb 26th, 2024

Earlier this year, Microsoft revealed plans to acquire Activision Blizzard for a multi-billion dollar sum. It is one of the largest acquisitions in the history of the technology industry. For this reason, various organizations around the world analyze in detail everything related to the subject. With this on the table, a Latin American regulator recently gave the go-ahead.

Another victory for Microsoft: Chile approves the purchase of Activision Blizzard!

Through a statement, the Chilean National Economic Prosecutor’s Office (FNE) confirmed this Thursday that it approved the acquisition of Activision Blizzard by Microsoft in the first phase of its review. By considering the patterns and preferences of Chilean consumers, the FNE concluded that the purchase will not reduce competition in the market. He explains that large companies in the sector such as Ubisoft, Electronic Arts, Epic Games, Take-Two, Sony and Nintendo have a presence and can exert competitive pressure. The regulator ruled out a possible blocking of inputs and explains that there will still be competition in the market, this despite the possibility that Microsoft will stop providing games like Call of Duty to other companies after acquiring Activision Blizzard.
Related Video: Microsoft Paid $70 Billion for Activision Blizzard – EVERYTHING YOU NEED TO KNOW

Through surveys carried out on consumers in the country, the National Economic Prosecutor of Chile discovered that the number of users who would change consoles in the face of a hypothetical blocking strategy is small. He also commented that the income generated by PlayStation in favor of Activision Blizzard “would discourage the adoption of a blocking strategy” by Microsoft. The FNE also recognized the prominence of Call of Duty in multiple regions of the world, but indicates that its relevance in Latin America is less. In a similar vein, he ensures that Activision Blizzard games are important, but they are not the most relevant for consumers in the region.

Other countries have already approved the purchase of Activision Blizzard

Lulu Cheng Meservey, Activision Blizzard’s executive vice president of corporate affairs, confirmed that they received the go-ahead from Chile’s National Economic Prosecutor’s Office and expressed hope that other agencies would join. “Chile’s competition authority, the FNE, has now approved our acquisition by Microsoft and joined regulators elsewhere who also recognized the benefits of the deal for competition and gamers. As other responsible regulators review the facts, we look forward to more approvals like this,” Lulu Meservey commented on Twitter.

We must remember that Saudi Arabia, Serbia and Brazil approved the acquisition a few months ago. Meanwhile, the authorities of the United Kingdom, the European Union and the United States continue with the relevant investigations and analyses. But tell us, what do you think of this situation? Let us read you in the comments. Click here to read more news related to the controversial acquisition of Activision Blizzard.
Related Video: FTC Sues Xbox: Is Activision Blizzard Buying Falling Down?

Editorial: Gaming / Facebook / Twitter / YouTube / Instagram / News / Discord /Telegram / Google News Source 1 and 2

By Team Wttspod

Wttspod.Com Provides You With The Latest Entertainment Blogs, Technology, Top News, And Sometimes Sports News, And Other Latest News. With The Increase In Technology, All Want Relevant And Exact Information About The Blog. So, Our Aim Is To Provide Clear-Cut Information About The Articles To Make Your Day Happy And Bind More And More Users To The Side Of All Topics Covered In Entertainment.