Source: The Guardian
The EU has approved Microsoft’s $69bn (£55bn) acquisition of the Call of Duty creator Activision Blizzard, in a move that drew immediate pushback from its UK counterpart, which has already blocked the gaming mega-deal.
The EU accepted Microsoft’s concessions on cloud gaming, the same problem that led the Competition and Markets Authority (CMA) to block the transaction last month.
The proposed deal aims to bring together Microsoft, the maker of the Xbox console, with the video game developer whose hit titles also include World of Warcraft, Hearthstone, Candy Crush Saga and Overwatch.
The approval by the European Commission, the bloc’s executive arm, will revive Microsoft’s hopes for the deal as it prepares to appeal against the CMA’s decision. The Federal Trade Commission (FTC) in the US has also come out against the takeover and is suing to block it.
Read full article: https://www.theguardian.com/technology/2023/may/15/eu-approves-microsoft-takeover-activision-blizzard-call-of-duty
