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Australia and New Zealand delay takeover ruling – Nerd4.life

governments Australia and New Zealand Decided Postponement of sentencing with consentAcquisition of Activision Blizzard from Microsoft.

As for New Zealand, this is another postponement by the Trade Commission, the third to be exact. The evaluation request was examined on July 27 with the response sending date set on August 11, and subsequently postponed to September 2 and later to today September 9. The New Zealand Antitrust Authority has announced that it has decided to extend the investigation untilNovember 11.

Instead, Australia’s antitrust investigation began on June 16 and should have revealed its decision on September 15. However, a few hours ago, the Australian Competition and Consumer Commission website announced that the procedure was suspended pending receipt of new information from Microsoft, with the new release No date set yet.

As reported a few days ago on our pages, the UK Capital Markets Authority has also decided to extend its investigation due to concern about a potential anti-competitive situation that could be created if Activision Blizzard is merged by Microsoft. However, it must be said that all these postponements are partially justified by the scope and importance of this process. For now, only Saudi Arabia has provided a clear verdict approving the acquisition.

Microsoft expects to terminate Activision Blizzard acquisition by June 30, 2023. Phil Spencer recently said he had “good feelings” about the outcome of the operation.

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Earl Warner

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