China Approves Microsoft’s Acquisition of Activision Blizzard

What’s new: China’s State Administration for Market Regulation unconditionally approved Microsoft Corp.’s $69 billion acquisition of video game company Activision Blizzard, a Microsoft spokesperson confirmed Monday with Caixin.

The action brings the total of countries that have cleared the transaction to 37 with more than 2 billion people, Microsoft said. European Union regulators approved the deal May 17, conditional on full compliance with commitments offered by Microsoft.