Xbox's potential $68.7 billion acquisition of Activision Blizzard set to close after approval from CMA

Xbox's potential acquisition of Activision Blizzard has received its strongest push, with the UK-based CMA finally approving the deal after several negotiations. It was widely expected in many quarters that the deal would eventually get approved, but there was always wind of doubt. However, all speculations can finally be laid down to rest after news of the approval comes from the UK Competition and Markets Authority.

Initially announced in January 2022, there has been no shortage of drama over the deal's completion. While the US-based FTC gave its approval along with many monitoring agencies from other nations, the UK-based CMA has been a significant thorn so far. However, Xbox has finally satisfied the queries, and closure has never been closer.

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Xbox's Activision Blizzard deal could potentially change the landscape of video games

When the potential acquisition was initially announced, it generated massive reactions on social media. With an estimated value of $68.7 billion, it's indeed the largest-ever deal in video games. Moreover, Xbox is all set to become the first-party owner of some of the biggest franchises, including Call of Duty.

Of course, Activision Blizzard is expected to enjoy their autonomy to a large degree, which is quite evident at places like 343 Industries and Playground Games. However, the acquisition will undoubtedly help Xbox and Activision Blizzard alike.

For the latter, adding cash significantly boosts their finances and will allow the studios to push in a new direction. Microsoft's gaming division similarly benefits by increasing its profile in the world of video games. IPs like Call of Duty and World of Warcraft, combined with mobile titles like Candy Crush, are popular games and primary sources of fresh revenue.

As of writing, the trading of Activision Blizzard shares on the New York Stock Exchange has been halted. It remains to be seen when the deal is eventually closed, as the last legal hurdle has now been cleared.

It will also be interesting to find out the direction Activision's IPs take henceforth. While many expect Call of Duty to remain multi-platform, the same might not be accurate for other IPs like Diablo and World of Warcraft.