Japan's competition regulator has approved Microsoft's proposed acquisition of Activision Blizzard. The JFTC says the deal 'would not substantially restrain competition', and that it will not attempt to block it.
The Japan Fair Trade Commission has published a statement in which it says it has “reviewed the transaction and reached the conclusion that [it] is unlikely to result in substantially restraining competition in any particular fields of trade”.
It added that it “has notified the parties that the JFTC will not issue a cease and desist order, resulting in the completion of its review”. In a document explaining its decision, the JFTC said the deal didn’t violate any of its anti-competition legislature, saying “the integration falls under the safe harbor criteria for vertical business combinations”.It also concluded that the deal wouldn’t result in supply constraints on other platforms, noting: “There are competing businesses, and games are distributed in digital format, so it is unlikely that there will be a shortage of supply capacity.
“Therefore,” it concluded, “the acquisition would not substantially restrain competition in any particular fields of trade.” The announcement will be welcomed by Microsoft as it continues its campaign to assure regulatory authorities that the deal would not be anti-competitive, somethingFurther good news for Microsoft came last week when the UK’s Competition and Markets Authority said
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