Microsoft Xbox head confident on Activision deal completion
Rich Polk
Microsoft Corp.'s (NASDAQ:MSFT) Xbox head Phil Spencer is confident that the software giant can get approval from the UK and the European Commission to complete its planned $69 billion acquisition of videogame maker Activistion (NASDAQ:ATVI).
"We remain confident in the work that weâre doing with the CMA, the European Commission, and here with the FTC in the US that we will close this acquisition," Spencer told Bloomberg TV in an interview on Wednesday.
Spencer's comments come after the U.K.'s antitrust regulator last month opened a Phase 1 probe into a newly restructured deal by Microsoft (MSFT) to buy Activision (ATVI).
The CMA set the deadline for a decision based on its Phase 1 investigation for Oct. 18. The U.K. agency is now the last regulatory hurdle for the deal, as it blocked the original $68.7 billion acquisition on account of antitrust concerns.

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