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Microsoft to profit from Activision Blizzard acquisition, says CEO

Microsoft to profit from Activision Blizzard acquisition, says CEO

Microsoft Corporation CEO Satya Nadella has reportedly expressed optimism that the business can obtain regulatory permission for its USD 69 billion acquisition of Activision Blizzard Inc. despite a thorough regulatory probe in the UK.

The UK's Competition and Markets Authority (CMA) announced earlier this month that it had opted to begin a more detailed investigation. The CMA had previously expressed concerns that the transaction might reduce competition in the consoles, subscriptions, and cloud gaming markets.

It is worth mentioning that Microsoft is either fourth or fifth in the competitive line in the video gaming sector while the market leader, Sony Group Corporation too recently completed several acquisitions. Nadella stated that any acquisition of this size would face scrutiny, however, the company will bear this burden.

Notably, Microsoft will become the third-largest gaming firm in the world after its merger with Activision, which owns games including World of Warcraft, Call of Duty, and Guitar Hero.

Nadella also voiced confidence in Microsoft's ability to withstand the weaker economy and rising inflation while supporting its clients. The corporation’s main priority is making sure that the customers can also endure the same.

According to external sources, it has been slowing hiring and deleting a lot of unfilled positions, particularly in its Azure cloud business, security software segment, as well as Windows, and Office.  Additionally, the company will continue to expand in several areas, after hiring almost 70,000 new employees during the pandemic.

As per Nadella, Microsoft will take the same medicine, which is accomplishing more with less. The company has a lot of businesses that are flourishing and keep expanding but are also keeping an eye on the macroeconomic environment.

The CEO further claimed that as long as the firm keeps expanding and producing more, it will be able to survive any avalanche.

 

Source Credit:

https://www.livemint.com/companies/news/microsoft-ceo-is-confident-about-activision-deal-approval-handling-of-economy-11663856529929.html

About the author

Garima Soni

Garima Soni

Despite starting her career in science, Garima always had a zeal for writing. She started out her writer journey as a freelancer which eventually turned into a full-time job. Now as an upcoming MBA professional, Garima pens down articles for AlpenHornNews and several other websites.