Following In The Footsteps Of The European Commission, China Also Approves Microsoft's Acquisition Of Activision Blizzard

JAKARTA - China's State Administration has finally approved Microsoft's efforts to acquire Activision Blizzard with a value of 68.7 billion US dollars or equivalent to Rp 986 trillion.

First discovered by SeekingAlpha via Dealreporter, a Microsoft spokesman then confirmed the company to IGN in a written statement.

"China's unconditional permission for the acquisition of Activision Blizzard follows a permit decision from jurisdictions such as the European Union and Japan, bringing the total to 37 countries representing more than two billion people," the spokesperson told IGN, quoted Monday, May 22.

"The acquisition combined with our latest commitment to the European Commission will empower consumers around the world to play more games in more devices," he added.

This news comes after the European Commission recently approved Microsoft's proposed acquisition of Activision Blizzard. At the time, the European Commission (EU) also stated that the decision taken had followed an in-depth investigation into this acquisition.

In a statement, EU said that after a more in-depth investigation, the Commission showed that Microsoft would not be able to jeopardize rival consoles and rival multi-game subscription services.

"Even if Microsoft decides to withdraw the Activision game from PlayStation, it won't hurt competition on the console market significantly," the European Commission said further.