In a statement, Activision CEO Bobby Kotick provided an update on the ongoing acquisition.
In a statement, Activision CEO Bobby Kotick addressed the workforce and provided an update on the Microsoft acquisition.
Kotick said of the ongoing investigation by the authorities that a closer look is needed, especially for a transaction of this magnitude.
But it is also part of doing educational work for those who are less familiar with the nature of the games industry.
Commenting on the latest reports from the UK regulator, Kotick said: “Today the UK’s Competition and Markets Authority (CMA) released its preliminary findings on the merger assessment. You may also have read reports that the European Commission (EC) has submitted what is known as a Statement of Objections, in which it sets out its concerns in writing and gives both parties an opportunity to respond.”
“These two steps by the European Commission and the CMA are a normal part of their assessment process. They provide an opportunity to discuss various commitments Microsoft may make as part of ongoing dialogue and engagement with regulators to address concerns. We are listening carefully and look forward to continuing constructive discussions with both groups as we work towards closing the transaction.”
Kotick remains confident that both the law and the facts are on their side.
Governments are also concerned with such a takeover as to what positive or negative changes that might bring. For Kotick, the merger means even more competition and access to more resources to compete with big rivals like Sony and Tencent.
“In that case, our combined companies will bring more competition to an already crowded field of world-class gaming competitors, including Sony, Tencent, NetEase, Apple, Amazon and Facebook. We believe this merger will give us additional resources to compete with such giants. When you combine Activision Blizzard’s iconic franchises and mobile expertise with Microsoft’s history of innovation and Xbox’s creative culture and distribution capabilities, we all have an even brighter future for gaming.”
Yesterday, the CMA released a report proposing that Call of Duty be removed from the deal. However, analysts still assume that the deal will go through until mid-May.
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