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The Federal Trade Commission (FTC) in the United States may issue its decision on Microsoft plans to acquire Activision Blizzard by the end of November, according to people familiar with the matter who spoke to Dealreporter and reported by Seeking Alpha.
The report says the FTC is still working at the staff level, however, it is expected to make progress with the Competition Bureau and commissioners over the coming weeks.
The sources say FTC staff have expressed concerns about the proposed acquisition and have held talks with competitors including Sony and Google.
The proposed acquisition of Activision Blizzard by Microsoft was announced in January this year and must be approved by several regulators around the world.
UK regulators, the Competition and Markets Authority (CMA), this week set a deadline of March 1, 2023 to publish its final report and decision on Microsoft’s proposed acquisition of Activision Blizzard. This is part of its more in-depth phase 2 investigation.
The AMC has previously expressed concerns that the acquisition would give Microsoft control of some of the industry’s most popular games like Call of Duty and World of Warcraft.
Microsoft filed the Activision Blizzard deal with the European Commission last week. A A tentative November 8 deadline has been set by regulators to either approve the deal or choose further investigation. The objective of the regulators’ investigation is to decide whether the acquisition will reduce competition in the video game market.
The Saudi competition authority in August became the first body to approve Microsoft’s acquisition of Activision Blizzard.
A long-time and passionate player, William D’Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was hired in 2010 as a Junior Analyst, rising through the ranks to Senior Analyst in 2012 and taking over Estimates of hardware in 2017. He expanded his involvement in the gaming community by producing content himself Youtube channel and Twitch channel. You can contact the author on Twitter @TrunksWD.