The CEO of Microsoft is "very pleased" that the acquisition of Activision Blizzard will be approved

The CEO of Microsoft is "very pleased" that the acquisition of Activision Blizzard will be approved

Microsoft''s CEO says he''s "very optimistic" that the agreement will go through. As the company begins to feel more pressure from regulatory agencies over its $69 billion acquisition of Activision Blizzard, Satya Nadella says she''s "very confident."

The government''s scrinuy of the transaction has continued to rise in recent weeks, with the UK''s Competition and Markets Authority recently declaring that it was moving to a more thorough "phase 2" of its investigation, which has found that the acquisition would result in "realistic prospects of a substantial decrease in competition in gaming consoles, multi-game subscription services."

Sony, as well, has grown more vocal about the proposal, primarily because it is about console exclusivity for Call of Duty, with Microsoft''s assurances that the hugely popular shooter will remain on PS5 post-acquisition "inadequate."

In this context, Microsoft CEO Satya Nadella has once again discussed the acquisition, removing the recent increased scrutiny as the norm. "Every acquisition of this magnitude will go through scrutiny," he told Bloomberg, adding, "we feel very, very confident that well comes out."

Nadella argued that Microsoft was the no. 4 or no. 5 competitor in the video games industry, implying that Sony, whom he called the largest, had recently made a number of major acquisitions of its own. "So if this is competition, let''s have competition," he said.

Sony''s video game acquisitions include Returnal developer Housemarque, Jade Raymond''s Haven Studios, PC port specialist Bluepoint, UK studio Firesprite, mobile game developer Savage Game Studios, Valkyrie Entertainment, and, perhaps most recently, Destiny studio Bungie. "It''s possible that you could modify every acquisition in gaming within the scope of the ABK deal," Hoeg said.

While the regulatory review of Microsoft''s acquisition continues, expect plenty more back and forth. The deal is expected to be approved by next summer.

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