Although Xbox has stated that its proposed acquisition of Activision Blizzard has the support of regulators around the world, the Canadian Regulatory Agency has publicly stated that it does not support the deal.
In a letter, Jonathan Petran, a lawyer for the Canadian Competition Bureau, wrote to Microsoft attorneys Beth Wilkinson and Bambo Obaro to address some “factual errors” in the court document submitted during the evidentiary hearing between the FTC and Microsoft. With reference to Microsoft’s announcement that “every regulator worldwide” is involved in Microsoft’s acquisition of Activision Blizzard.
Contrary to previous quotes from the memorandum, in a video conference on May 5, 2023, the Bureau informed Microsoft and Activision’s Canadian attorneys that the Bureau has concluded that the proposed merger is likely to prevent and/or significantly reduce competition with respect to game consoles and subscription services. multi-game (in addition to cloud gaming) and that the office continues to monitor the transaction,” Bitran wrote.
“We have received notice from the Competition Bureau of Canada that it will continue to monitor our acquisition of Activision Blizzard after the official waiting period preventing closing of the transaction has expired,” a Microsoft spokesperson told IGN in a statement. “We continue to work with regulators around the world to address any remaining concerns.”
Microsoft Acquires Activision Blizzard: The Story So Far
