According to Brad Smith, president of Microsoft, the takeover of Activision-Blizzard is progressing: a long process that should take more time.
Microsoft President Brad Smith was in Brussels to defend his company against Microsoft’s practices in Europe. The Echo took the opportunity to interview him on ” the hot issues of the moment for the American giant “, in particular on the acquisition of Activision-Blizzard, announced last January for 68 billion dollars.
The takeover by Microsoft go fast »
The Echo So asked Brad Smith a question about his company’s takeover of Activision-Blizzard, including the current status of the takeover process. He replied that the latter was moving fast, “ in any case quite quickly for an acquisition of this size “.
He also quotes a quote from one of Microsoft’s lawyers: ” We’re coming to the end of the beginning and now we’re starting the beginning of the middle “. Brad Smith called the takeover a ” long process “, adding that” For us, of course, the sooner it’s done the better, but we’ll respect the process. “.
The problem of Microsoft’s potential monopoly
The takeover of Activision-Blizzard and the many licenses it owns by Microsoft raises the question of the monopoly that Microsoft could have in the industry. If the probability of a prohibition of such a takeover is low, the questions are numerous on the part of the authorities for competition. Moreover, the file had to be examined by the FTC, the agency for the control of anti-competitive and monopolistic practices in the United States.
On the side of the publisher’s shareholders too, the question arose: but at the end of April, we learned that the vast majority of them agreed with the takeover.
Going back to Brad Smith, he says he received ” requests for information on this subject here in Brussels, but also in London and Washington “. Microsoft tries to show its credentials by answering questions and providing requested information.
Recall that Microsoft plans to close the takeover for its next fiscal year ending in June 2023.
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