Xbox's Head Phil Spencer On The Microsoft-Activision Deal: 'I'm Confident We'll Find Solutions'

Xbox head Phil Spencer said Microsoft Corp (NASDAQ: MSFT) had an unwavering commitment to the anticipated acquisition of Activision Blizzard Inc (NASDAQ: ATVI) and having confidence in its completion.

According to PC Gamer, Spencer addressed the topic during an Xbox event titled "What's Next For Gaming," saying: "Microsoft is very committed, we're very committed."

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"We're out there to find solutions with the regulators that have questions, and that's what we're actively doing," said Spencer.

An important obstacle in the acquisition journey is the current block imposed by the U.K.'s Competition and Market Authority. Nonetheless, both Microsoft and Activision are lodging appeals against the authority's decision, with the aim of surmounting this setback.

Additionally, the acquisition still awaits approval from the Federal Trade Commission (FTC) in the U.S.

Spencer referred to the European Union's antitrust regulator approval of the $68.7 billion deal on May 15: "We're trying to get to solutions. We did that with the European Commission. I'm confident we'll find solutions in the other areas as well. It's taking time, it's taking focus, but I'm confident."

If approved, Microsoft's complete takeover of Activision Blizzard would indisputably become the most substantial acquisition in the gaming industry by an extraordinary margin.

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