Microsoft: FTC could approve Activision deal as early as next month
The Federal Trade Commission could ideally approve the Activision deal as soon as next month.
The US Federal Trade Commission (FTC) could approve Microsoft’s planned acquisition of Activision Blizzard as early as next month.
This possibility exists because the Xbox group has reportedly opened a 30-day window for potential disputes.
In March, Microsoft was asked to provide the FTC with information needed for an investigation. This request has now been complied with and the time window has started.
According to the FTC itself, the agency now has 30 days to contest the acquisition. If that doesn’t happen, the deal can go ahead, as VGC writes.
However, FTC guidelines state that both companies, Microsoft and Activision Blizzard, must submit the necessary information. It is not known whether Activision Blizzard has already done so. If this is not the case, the 30-day period would not begin until the submission.
Once all the information is in, the FTC can either approve the deal, add provisions to ensure a competitive market, or have a federal court stop it.
FTC approval would bring the deal a whole lot closer to completion.
However, other regulatory authorities in other countries should not be ignored. For example, the britic Competition and Markets Authority (CMA) the deal.
Reference-www.xboxdynasty.de