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The resilience of consumer spending amidst rising interest rates is, in part, thanks to an often overlooked yet significant factor, the aging demographic of Americans. As individuals aged 65 and older now represent a record share of total consumer spending, they play a crucial role in stabilizing the economy.
The U.K. Competition and Markets Authority approved Microsoft to go ahead with its proposed $69 billion acquisition of Activision Blizzard, clearing the way for the deal to close globally. CNBC's Arjun Kharpal reports.
UK antitrust officials have approved Microsoft's planned takeover of Activision Blizzard, the maker of "Call of Duty" and other hit games, greenlighting one of the biggest tech deals of all time.
Microsoft Corp. has received approval from the UK competition watchdog for its $69 billion acquisition of Activision Blizzard Inc. “This new restructured deal is clear to proceed today,” says UK Competition & Markets Authority CEO Sarah Cardell on “The Pulse With Francine Lacqua.” --------
Microsoft's $75 billion acquisition of Activision Blizzard is on the path to closing after U.K. regulators cleared the deal. However, Big Tech could face further challenges from British authorities.
Microsoft's purchase of video game maker Activision Blizzard won final approval Friday from Britain's competition watchdog, reversing its earlier decision to block the $69 billion deal and removing a last obstacle for one of the largest tech transactions in history.
Ending a lengthy saga, U.K. regulators on Friday gave Microsoft Corp. the go-ahead for the tech giant's $68.7 billion acquisition of videogame holding company, Activision Blizzard.
Competition regulator had initially moved to block acquisition but concerns addressed
The British competition watchdog was the final hurdle the Xbox maker had to clear to complete its nearly $69 billion purchase of the video game publisher.
Microsoft Corporation (NASDAQ:MSFT)'s revised US$69 billion deal to buy video games maker Activision Blizzard Inc (NASDAQ:ATVI) has been given the green light by the UK competition watchdog. The UK Competition and Markets Authority had blocked the original proposed takeover in April, but last month issued a more favourable opinion after the Redmond, Washington-based company proposed tweaks to the terms of the deal along with some further “remedies” to overcome other objections.