The Activision Blizzard acquisition by Microsoft has been given the go-ahead by Chile’s market regulator, Fiscalía Nacional Económica (FNE).

Microsoft needs the approval of 16 nations in order to acquire Activision Blizzard. These nations will examine the agreement and determine whether it poses a threat to antitrust laws by giving Microsoft an unfair competitive advantage over its rivals.

The $69 billion deal has already received approval from Saudi Arabia, Brazil, and Serbia, but other antitrust agencies are currently evaluating it and haven’t yet made their findings public as reported by GameRant.

According to the FNE, the Activision Blizzard acquisition by Microsoft was approved on December 29.

The organization said that even though Microsoft is a very large publisher and Activision Blizzard is one of the largest video game creators, the merger won’t endanger the market’s equilibrium or create disadvantage for Microsoft’s rivals in Chile.

In their ruling, the FNE said that even if Microsoft decides to make Call of Duty (COD) an Xbox exclusive, Chilean players will be able to play first-person shooters from Electronic Arts, Take Two, Ubisoft, and Epic Games.

Additionally, according to a consumer survey conducted by Chile’s market regulatory body, Chilean players would prefer to switch to a different game than alter their chosen gaming platform, making COD less relevant for the Latin American region than it is for other regions of the world.

While the approval is certainly good news for Microsoft, the company has to go a long way to complete the deal as there are many lawsuits filed against the deal by the Federal Trade Commission (FTC) and a group of gamers.

Microsoft recently responded to the lawsuit filed by FTC claiming that acquiring the COD franchise will not hurt the gaming market but rather make the game more accessible to players. The company even offered a 10-year contract to Nintendo and Sony for the COD franchise.