Microsoft stunned the world last January when it announced its intent to purchase Activision Blizzard. Nearly one year after the deal was proposed, it's still unclear whether it will go through, and now it seems the two companies could be waiting even longer on a decision. The final decision must be made by several different authorities around the world, including the UK's Competition & Markets Authority.
"The Inquiry Group has decided that the reference period should be extended by eight weeks. The revised reference period will expire on 26 April 2023. However, the Group aims to complete the inquiry as soon as possible and in advance of this date," the CMA's release reads.
It remains to be seen what the decision will be, but Microsoft has attempted to directly address the group's issues with the acquisition. In October, Microsoft issued a response to the CMA's concerns that the deal would give the company an unfair advantage in the industry. Microsoft pointed out that Xbox is in third place behind PlayStation and Nintendo, and claimed that the deal would actually lead to"increased competition and choice.
Whatever decision is made, hopefully it will prove to be the best one for gamers, and the industry as a whole! 0commentsDo you think the acquisition of Activision will go through? Do you think the deal will hurt competition? Let us know in the comments or share your thoughts directly on Twitter and on Hive at @Marcdachamp to talk all things gaming!