Controversial takeover activation to Microsoft I just got new updates and now, according to the information, the purchase has been approved in Chile. It should be noted that Japan, Brazil, Serbia and Saudi Arabia have already agreed to purchase.
Known as the FNE in Chile, they made the approval still in Stage 1, after ruling out that they could significantly reduce competition. The prosecution seems to have considered that the process was not sufficient to limit the competition, given the criteria and preferences of the Chilean players.
“It was considered that the number of consumers who would prefer to switch consoles in the face of the ban strategy would also be less, which was verified by a survey conducted with Chilean consumers, and that the large revenues generated by PlayStation for ABK will discourage the adoption of the blocking strategy.” .
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It should be noted that the approval of the purchase does not mean that it has been implemented so far, as Microsoft is fighting antitrust bodies, especially with the US Federal Trade Commission, which it accuses of violating the Constitution to try to prevent the acquisition of Activision.
The truth is that many people thought the acquisition would happen without minor problems, but the truth is that it was a long and arduous process. The FTC took the agreement to the administrative court, but Microsoft decided to fight back, stating, in a defense document, that the FTC’s decision violated the Fifth Amendment to the US Constitution.
The company reiterated that the deal must be allowed because Xbox and Activision are just two of hundreds of game makers. In short, it is still difficult to say whether the deal, worth about $69 billion, will go through.
