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THE ESPORTS ADVOCATE

South Korea Approves Microsoft Acquisition of Activision Blizzard

On a related note, China publishes its official decision on the deal.

James FudgebyJames Fudge
May 30, 2023
in Legal, Money, Politics
Reading Time: 2 mins read
South Korea Fair Trade Commission Approves Microsoft Acquisition of Activision Blizzard

Credit: South Korea Fair Trade Commission/Microsoft/Activision Blizzard

The Korea Fair Trade Commission has approved Microsoft’s proposed $69B USD acquisition of Activision Blizzard, according to reporting from FOSS Patents and several South Korean media outlets. South Korea joins European Union member countries, Saudi Arabia, Brazil, Serbia, Chile, Japan, and Ukraine in approving the acquisition. Regulators in South Africa have recommended approval, with a final decision expected on June 21.

High-profile holdouts at this point are New Zealand, which is expected to make a ruling by June 9; Australia; and the United States. Microsoft and Activision Blizzard are currently appealing the UK’s Competition & Markets Authority (CMA) decision opposing the merger that was rendered in April.

On a related note—and as The Esports Advocate reported earlier this month–China’s State Administration for Market Regulation (SAMR) has published its ruling that gave unconditional approval to Microsoft’s proposed $68B USD acquisition of Activision Blizzard on its official website this week.

Tags: Activision BlizzardChinaKorea Fair Trade CommissionMicrosoftMicrosoft-Activision-MergerSouth KoreaState Administration for Market Regulation
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James Fudge

James Fudge

With a career spanning over two decades in the esports and gaming journalism landscape, James Fudge stands as a seasoned veteran and a pivotal figure in the evolution of esports media. His journey began in 1997 at Game-Wire / Avault, where he curated gaming and community news, laying the groundwork for his expertise in the field. In his more recent roles, James cemented his status as an authority in the esports business sphere as Senior Editor Esports at Sports Business Journal and The Esports Observer between 2018 and 2021.

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