EU regulators approve Microsoft's $68.7 billion acquisition of Activision Blizzard

Published May 15th, 2023 7:09PM EDTIt looks like Microsoft has cleared another hurdle in its long-running quest to acquire Activision Blizzard.

Below are the commission’s full findings after its in-depth investigation. It found that even if Microsoft madeand its other popular franchises exclusive to Xbox and PC, that it would “not significantly harm competition in the consoles market.”which is the leading distributor of consoleworldwide, including in the European Economic Area where there are four Sony PlayStation consoles for every Microsoft Xbox console bought by gamers.

as this would cannibalize sales of individual games. Therefore, the situation for third-party providers of multi-game subscription services would not change after the acquisition of Activision by Microsoft.

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 »