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Microsoft Offers EU Remedies Seeking Approval On Activision Deal

admin by admin
3월 21, 2023
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Microsoft Corp (MSFT.O) has offered remedies in an effort to win EU antitrust approval for its $69 billion acquisition of Activision (ATVI.O), a European Commission filing showed on Friday.

The EU competition enforcer, which did not give details in line with its policy, will now request feedback from rivals and customers before coming to a decision by May 22.

Microsoft Activision Blizzard game deal

Microsoft President Brad Smith has said the U.S. software company was ready to offer rivals licensing deals to allay competition concerns but not to sell Activision’s lucrative “Call of Duty” franchise.

The company has in recent weeks reached agreements with three firms to bring “Call of Duty” to their platforms.

“We have stood behind our promise to bring Call of Duty to more gamers on more devices by entering into agreements to bring the game to the Nintendo console and cloud game streaming services offered by Nvidia, Boosteroid, and Ubitus,” a spokesperson said.

“We are now backing up that promise with binding commitments to the European Commission, which will ensure that this deal benefits gamers into the future.”

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The company is likely to win EU approval for the deal with such licensing deals and other behavioural remedies, sources have told Reuters while it is subject to debate whether the UK competition enforcer will do the same.

Tags: ActivisionbusinessEUEuropean CommissionEuropean UnioninvestmentMicrosoftregulation
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