EU antitrust regulators ready to approve MicrosoftHas acquired $ 69 billion (about Rs 5,65,480 crore) Activision People aware of the matter said that May 15 next week is a possible date.
The European Commission’s impending approval comes nearly three weeks after the UK Competition Authority blocked the deal, the largest ever in gaming, over concerns it would hinder competition in cloud gaming.
EU antitrust enforcer expected to approve acquisition after Microsoft agrees to licensing deals including cloud streaming rivals NVIDIAUkraine’s Boostroid and Japan’s Ubitus, others with direct knowledge of the matter told Reuters in March.
have also tied up with nintendo and US distributor Valve, owner of Steam, the world’s largest video game distribution platform, to bring Activision Duty A must have acquisition for their gaming platform.
The commission, which has set a May 22 deadline for its decision, declined to comment.
Japan approved the acquisition in March while the US Federal Trade Commission is also seeking to block it.
Meanwhile, Microsoft last month Put signature on 10 year agreement with Nware to bring xbox and Activision Blizzard Games for the Spanish cloud-gaming platform. The decision was taken after the UK regulatory authority’s decision to block its Activision deal.
“While it’s still early for the emerging cloud segment in gaming, this new partnership combined with our other recent commitments will make more popular games available on cloud game streaming services,” said Brad Smith, President of Microsoft.
Xbox console maker has signed similar deals with owners of streaming platforms valveNvidia and Boostroid.
© Thomson Reuters 2023