Brazil has approved Microsoft Activision Blizzard acquisition

Brazil has approved Microsoft Activision Blizzard acquisition

Brazil has approved Microsoft Activision Blizzard acquisition Skip to content Click here to check out the GameByte Shop great games, consoles and more! Deal or no deal. Brazil has approved Microsoft Activision Blizzard acquisition 7 October 2022 by Richard Breslin Brazil has approved the Microsoft Activision Blizzard acquisition, making it one step closer to becoming a reality. In order to make the acquisition of Activision Blizzard happen, representatives of Microsoft have been travelling across the world to argue their case against regulators. Once such regulators were those in Brazil. Credit: Activision Blizzard Microsoft Activision acquisition has passed one hurdle As reported by MP1ST, video game data analyst and journalist Benji-Sales shared an image of the document seemingly confirming Brazil’s approval. The document in question is from the Administrative Council for Economic Defense (CADE).ADVERT ADVERT It appears Brazil has just approved Microsoft's acquisition of Activision Blizzard with no restrictionsThanks to @cybercowboyZZ for bringing it to my attention https://t.co/DYbV45VgED pic.twitter.com/J6HJkRG66O- Benji-Sales (@BenjiSales) October 5, 2022 The translation by Google Translate reads “Based on §1 of art. 50 of Law No. 9,784, of 1999, I integrate the reasons of Opinion No. 21/2022/CGAA3/SGA1/SG (SEI No. 1128655 ) to this decision, including its motivation. Pursuant to arts. 13, XII, and 57, I, of Law No. 12,529, of 2011, I decide to approve this merger without restrictions. Publish yourself.” However, Benji-sales had doubts as to whether the document was legit. Thankfully, residents of Brazil believe the document and confirmation to be genuine. Senior Editor at The Verge, Tom Warren has also collaborated with the reports. Brazil’s competition regulator, CADE, has approved Microsoft’s Activision Blizzard acquisition without restrictions. It says the decision was made for Brazilian consumers, and “not the defence of the particular interests of specific competitors.” pic.twitter.com/Ec9K0fHSSz- Tom Warren (@tomwarren) October 6, 2022 It’s legitimate benji. I was just now checking the law that they was referring.And it was approved without restrictions. pic.twitter.com/DqE8DCB2us— Pedro (@pedro_pparaujo) October 5, 2022 Legit - Esdras (@Drackas2) October 5, 2022 Microsoft Activision acquisition is not a done deal yet However, just because Brazil has approved the acquisition, it doesn’t mean that the job is done. Microsoft still has to gain the approval of regulators from other parts of the world such as the UK and the European Union.ADVERT ADVERT Credit: Activision Blizzard Recently, PlayStation CEO Jim Ryan reportedly flew to Brussels to voice his concerns over the potential takeover as well as the fear of Call of Duty becoming an Xbox first-party series. This is despite Microsoft representatives telling Brazil regulators that making Call of Duty exclusive to Xbox wouldn’t be profitable. Do you believe that Microsoft will successfully take over Activision Blizzard? Let us know your thoughts across our social media channels. While you’re here, be sure to check out our video of the week. 10 of the scariest horror games of all time are shown off. What is your favourite horror game? ADVERT ADVERT Featured Image Credit: Activision/Microsoft/Source: MP1ST TweetShareSharePin Follow us on @GameByte @gamebyte GameByte GameByte GameByte Noobs Play @GameByte @gamebyte GameByte GameByte GameByte Noobs Play External Links Policy GameByte Staff About GameByte Advertise with us Careers Ambassador Program Contact Terms and Conditions Privacy Policy Cookie Policy Manage Cookies Preferences Submit Your Content FragHero Sporf 9 to 5 Life Social Chain Social Chain Agency
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