Microsoft’s planned $69B Activision purchase gets China antitrust approval report

News Snapshot:

Microsoft's (NASDAQ:MSFT) planned $69 billion acquisition of Activision received approval from China's antitrust regulator. China's State Administration for Market Regulation granted unconditional approval for the deal late in a Phase III review, according to a Dealreporter item, which cited sources familiar. The China approval comes after the European Union also blessed the videogame mega deal on Monda with conditions. Though China and Europe are important, the UK antitrust regulator's decision to block the deal last month is seen a large stumbling block that could ultimately lead to its termination. The U.S. Federal Trade Commission also sued to block the $95...