Saudi government has 'no objection' to Microsoft's Activision buyout

Saudi Arabia's General Authority for Competition regulatory body has no objection to Microsoft's proposed $68.7 billion buyout of Activision-Blizzard.

Published Aug 22, 2022 2:05 PM CDT   |   Updated Tue, Sep 13 2022 7:23 PM CDT
1 minute & 34 seconds read time

Saudi Arabia appears to be the first worldwide government to not object to Microsoft's $68.7 billion buyout of Activision-Blizzard.

Saudi government has 'no objection' to Microsoft's Activision buyout 98 | TweakTown.com

From the FTC in the United States to CADE in Brazil, anti-competitive regulatory bodies across the world are currently scrutinizing Microsoft's proposed acquisition of Activision-Blizzard. Now it looks like the first overseas agency has chosen to let the deal go through.

Saudi Arabia's General Authority for Competition (GAC) has announced that it will not object to Microsoft's deal to purchase Activision-Blizzard's outstanding shares. "General Authority for Competition issued a NO OBJECTION CERTIFICATION with respect to the completion of the economic concentration transaction between Microsoft Corporation and Activision Blizzard, Inc.,"reads a recent Tweet from the agency (here's a direct link to the GAC website, too).

Saudi government has 'no objection' to Microsoft's Activision buyout 1 | TweakTown.com

It's worth noting the Saudi Arabia PIF (Private Investment Fund) owns 13.3% of Activision-Blizzard shares. Saudi's PIF has also purchased billions of dollars worth of shares in other video game companies including Nintendo and The Embracer Group.

Objections by other agencies remain unclear. arlier in June, Microsoft delivered requested documents to the FTC regarding the deal, including earnings data, metrics, and more. The FTC has the right to extend its evaluation and provide amendments, stipulations, or try to outright block the deal from going through in the U.S.

Sony has said in the past that Microsoft acquiring Call of Duty could potentially arm the company with an advantage, saying that Call of Duty has no rival on the video games market. Microsoft has responded by saying it will continue making Call of Duty games available on PlayStation platforms.

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NEWS SOURCE:gac.gov.sa

Derek joined the TweakTown team in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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