News Formal

EU decision clearing $69 billion Microsoft, Activision deal expected May 15, sources say

  • 📰 Reuters
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

EU antitrust regulators are set to approve Microsoft Corp's $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said.

The European Commission's imminent clearance comes nearly three weeks after the UK competition authority

the deal, the biggest-ever deal in gaming, over concerns it would hinder competition in cloud gaming.the acquisition after Microsoft agreed to licensing deals with cloud streaming rivals including Nvidia, Ukraine's Boosteroid and Japan's Ubitus, other people with direct knowledge of the matter told Reuters in March.

It also has an agreement with Nintendo to bring Activision's Call of Duty to its gaming platforms should the acquisition go through. U.S. distributor Valve Corp, owner of the world's largest video game distribution platform, Steam, declined a contract saying it trusts Microsoft.approvedReporting by Foo Yun Chee; Editing by Kirsten Donovan

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech layoffs: Microsoft-owned LinkedIn cuts over 700 jobs, shuts down China app InCareerThe company cited ‘shifts in customer behavior and slower revenue growth’ as the primary reasons for the layoffs. Find out more at 🚀 engineering interestingengineering
Source: IntEngineering - 🏆 287. / 63 Read more »