Saudi Arabia Approves Microsoft’s Acquisition Of Activision
Saudi Arabia has become the first country to greenlight Microsoft’s acquisiton of Activision Blizzard.
According to a tweet by the country’s General Authority for Competition (GAC), it said they had no objection with the two companies completing the “process of economic concentration”. It did not elaborate further on their process of scrutinising the acquisition.
This outcome doesn’t come as a surprise given that the country’s Vision 2030 plans in investing significantly in the tech and gaming sector. Saudi Arabia has invested in companies like the Embracer Group, EA, Take-Two and Activision Blizzard.
While this is a significant hurdle Microsoft has cleared to complete its Activision deal, it still has many other countries and regulatory bodies to clear before that happens.