Microsoft CEO Is Confident About Activision Deal Approval
Microsoft CEO Satya Nadella is confident about the Activision deal’s approval. Nadella recently made comments about the ‘anti-competitive’ nature of the deal. We take a closer look at his comments. The CEO echoed many analysts’ sentiments regarding the deal.
Microsoft CEO Satya Nadella is confident that the Activision Blizzard acquisition will be approved by regulators. The deal, valued at nearly $70 billion, is one of the largest in the video game industry. It has faced criticism from rival Sony, as well as from market regulators who fear less competition. Last week, the UK Competition and Markets Authority (CMA) announced an expanded inquiry into the deal. Nadella said it is important to keep competition in the video game industry.
The deal includes the Call of Duty franchise, which is one of the most popular in the world. Microsoft has assured Sony that the game will remain available on the PlayStation for a few more years. Satya Nadella is confident about the deal’s approval, and so is Phil Spencer, Microsoft’s CEO.
Satya Nadella’s comments
The UK’s Competition and Markets Authority (CMA) has approved a more comprehensive probe into Microsoft’s deal with Activision Blizzard. It’s concerned that the deal could reduce competition in the gaming industry. The company had the option of submitting a different deal to CMA, but the CMA is concerned that the Microsoft-Activision Blizzard deal could harm competition.
Microsoft CEO Satya Nadella is confident the Activision-Blizzard deal will be approved. The $69 billion deal is currently being scrutinized by global competition regulators. Microsoft’s competitor, Sony, is opposed to the deal. It has even suggested making Call of Duty exclusive to Xbox consoles. However, Nadella has been adamant that the Activision-Blizzard deal will not lead to a monopoly.
Nadella’s comments on Activision deal
Microsoft CEO Satya Nadella has made some comments in regard to the Activision deal approval. He says that Microsoft is only number four or five in the gaming market. Meanwhile, Sony has expanded by acquiring three gaming companies, including Activision Blizzard. The UK competition regulator CMA is worried that the deal could hamper competition in the gaming industry.
Nadella says he is confident that regulators will approve the Activision Blizzard deal. However, he acknowledged that large deals will be scrutinized. Nadella said that Microsoft is “very confident” that the deal will close. The company originally planned to close the deal on January 18, but the delays have caused some concern.
Nadella’s comments on ‘anti-competitive’ nature
The ‘anti-competitive’ nature or lack thereof of an acquisition is the main question surrounding the Activision-Microsoft deal. Activision Blizzard is a gaming publisher that makes some of the most popular games around, including Candy Crush Saga, World of Warcraft, and Call of Duty. Microsoft’s CEO Satya Nadella has made statements indicating that he believes the deal is not in the best interests of consumers.
The ‘anti-competitive’ nature, however, is based on the potential for a Microsoft-Sony merger to lead to a loss of competition. Xbox’s Phil Spencer has stated that he wants to keep Call of Duty a multi-platform franchise and keep it a competitive option for Xbox users. However, PlayStation’s Jim Ryan has lambasted the idea of making the game exclusive to Microsoft.