Saudi Arabia Becomes The First Nation To Recognize The Microsoft Acquisition Of Activision Blizzard

$Microsoft(MSFT.US)$ $Activision Blizzard(ATVI.US)$ The regulator known as the General Authority for Competition just announced its approval of the acquisition, allowing the deal to go forward, at least in Saudi Arabia.
The news comes from a well known industry watcher going by the name of Klobrille who spotted the announcement from the General Authority for Competition, noting on Twitter that “Saudi Arabia is the first regulatory authority to approve the Xbox/ Activision Blizzard acquisition.” This move on the part of Saudi Arabia may be surprising to some, but the deal is widely expected to complete at some point this month, even in the United States. The merger is currently being reviewed by the Federal Trade Commission.
According to the Saudi Arabian government, “the General Authority for Competition announces that it has no objection to completing the merger process between Microsoft and Activision Blizzard.” The official announcement was made somewhat earlier, but the General Authority for Competition reached out to the world about the matter today on $Twitter (Delisted)(TWTR.US)$ ."
$Alphabet-A(GOOGL.US)$ $Amazon(AMZN.US)$ $Apple(AAPL.US)$ $Nasdaq Composite Index(.IXIC.US)$