Competition Authority of the European Union He is said to have reservations about Microsoft’s acquisition of Activision Blizzard and is expected to file objections, another hurdle to complete the nearly $69 billion deal.
This was reported by Reuters, citing anonymous sources familiar with the situation. They should prepare a document in Brussels in the coming weeks and object to the purchase. Microsoft should have wanted to come to an agreement before this document, both parties should have even had an informal dialogue (and still do) and Xbox owner ready to file remedial action against officials, but the EU still has to insist on a formal objection. Maybe for the reason that no one can dispute it.
The European Union Competition Authority previously set a deadline of 04/11/2023 for a decision on the acquisition. Today’s information regarding the UK Competition and Markets Authority (detailed investigation into the merger) and the US Federal Trade Office Commission (lawsuit), which is not surprising.
A source: ActivisionUK gamers support Activision Blizzard acquisition, EU asks competitors to contribute
How does Microsoft want to convince relevant authorities in different markets? One of the concessions, for example, is an agreement made a few weeks ago with Nintendo, when Microsoft committed to publish Call of Duty on the consoles of this Japanese company for the next ten years. The same proposal was made to Sony, but it was rejected.
Microsoft confirmed in a statement to Reuters that it continues to work with the European Commission to address any concerns about the market. “Our goal is to bring more games to more people, and this deal will help achieve that goal.” added a spokesperson for the tech giant.
Source :Indian TV
