One of the biggest deals of its kind in the gaming industry, Microsoft’s acquisition of Activision Blizzard, received approval from the Fair Trade Commission (FTC). The regulator declared on Tuesday that the $68.7 billion deal submitted in April of last year had received its unequivocal approval.
Due to the small market share of the games produced and sold by the two Korean companies, according to the financial watchdog, the acquisition would not have a negative impact on competition in the console gaming market. The main video game series produced by Activision Blizzard are Starcraft, Diablo, and Call of Duty.
Each of the Call of Duty and Diable games had a market share of 0% to 2%. Activision Blizzard’s acquisition by Microsoft, according to the company, will enable it to expand its game library.