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Microsoft’s Activision Blizzard deal approved
U.S. District Judge Jacqueline Scott Corley has decided not to block Microsoft’s $69 billion acquisition of Activision Blizzard, saying that federal regulators were unable to prove how it would damage the gaming sector. The ruling comes just days before the “break up” fee kicks in for not completing the takeover. Microsoft would have had to pay a $3 billion “break up” fee to videogame maker Activision Blizzard if the deal did not go through.
