Activision Blizzard: CEO Bobby Kotick on the merger with Microsoft

Activision Blizzard CEO Bobby Kotick speaks in a letter about the merger with Microsoft and the current progress.

There was a lot to report today in the takeover of Activision Blizzard by the giant Microsoft.

The UK’s Competition and Markets Authority (CMA) has expressed concerns about the merger of the two companies. An investigation could therefore be intensified, as can be read in this report.

Shortly thereafter, Phil Spencer also spoke about the concerns. In an article, the CEO of the gaming division at Microsoft tries to eliminate exactly this and talks about the goals that are intended with the merger and that a merger will benefit the gamers.

Now Bobby Kotick has commented on the merger of the two companies and the progress made in this direction. Activision Blizzard’s CEO believes the acquisition will occur in Microsoft’s current fiscal year, which ends in June 2023.

The process would also proceed as expected, with some countries having already given their approval.

Regarding the UK regulator’s concerns, it has entered the second phase of review and “will continue to work fully with their regulators wherever approvals are required.”

Kotick believes that the steps taken by the authorities are appropriate in view of the aggressive foray into the gaming sector by numerous companies.

“As many companies in our industry continue to invest aggressively in the gaming sector, including many of the world’s largest technology and media companies, government regulators are taking appropriate and targeted steps to better understand our industry and growing competition from around the world.”

“Starting in September, I will initiate Town Halls to update everyone on our continued progress toward our future as part of one of the world’s most admired companies.”

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