EU approves Microsoft’s $69 billion acquisition of Activision Blizzard

European Union regulators on Monday approved Microsoft’s $69 billion bid to acquire video gaming firm Activision Blizzard — giving the mega-deal a boost after it hit roadblocks in the US and the UK.

However, EU officials gave Microsoft the green light after the maker of the Xbox gaming console agreed to ensure that rival companies would continue to have access to Activision-developed games, including the ultra-popular “Call of Duty,” “World of Warcraft” and “Candy Crush.” Activision CEO Bobby Kotick said: “Europe has played a pivotal role in the development of gaming, especially mobile gaming, and we expect European game developers will continue to drive growth and innovation.”The deal would position Microsoft as the third-largest gaming company in the world by revenue, topped only by Tencent and Sony, respectively, and push Apple down to the No. 4 spot.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

EU approves Microsoft's $69 billion acquisition of Activision Blizzard, clearing major hurdleMicrosoft offered remedies in cloud gaming to earn the approval of European Union regulators for the $69 billion Activision Blizzard acquisition.
Source: CNBC - 🏆 12. / 72 Read more »

Microsoft’s Activision Blizzard acquisition approved by EU regulatorsMicrosoft still faces regulatory scrutiny in the US and a UK appeal.
Source: verge - 🏆 94. / 67 Read more »

European Union clears Microsoft’s acquisition of Activision BlizzardThe European Union on Monday cleared Microsoft’s $69 billion purchase of the gaming company Activision Blizzard, in a rare victory for the companies after blows from regulators in the United States and United Kingdom.
Source: washingtonpost - 🏆 95. / 72 Read more »