While the largest acquisition in Microsoft’s history continues to be evaluated by various national and regional regulators, at least one more country has now approved the deal.
Chilean regulator Fiscalía Nacional Económica (FNE) announced Thursday that it has approved Microsoft’s acquisition of Activision Blizzard. In a press release, the local regulator explained that competition remains fierce compared to other large third-party companies such as EA, Epic Games and Ubisoft.
Lulu Cheng Meservey, executive vice president of corporate affairs at Activision Blizzard, said, “We expect to see more approvals like this as other responsible regulators review this event.”
Still, the nearly $69 billion deal has a long way to go before it’s finalized.
A handful of countries, including Chile, Brazil, Saudi Arabia and Serbia, have already approved the deal, but Microsoft still has to get approval from multiple countries, and there are a number of regulators currently in the final stages of reviewing the deal, such as the European Commission and the U.K.’s CMA. The U.S. Federal Trade Commission (FTC) has also filed a lawsuit against Microsoft, and they are trying to block the deal.
