Logo of The General Authority for Competition (GAC) 

The General Authority for Competition (GAC) approved on Aug. 21 economic concentration between Microsoft Corp. and Activision Blizzard Inc.

 

Microsoft will buy 100% of the US-based video game maker, GAC said on its official Twitter account.

 

Last January, Microsoft agreed to acquire Activision for $68.7 billion.

 

After receiving the green light from regulatory authorities, Microsoft will be the world’s third largest company in the industry, behind TenCent and Sony.

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