EU Approves Microsoft's Acquisition of Activision Blizzard
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EU regulators approve Microsoft's $68.7 billion acquisition of Activision Blizzard after UK regulators block it.
IMAGE SOURCE :GOOGLE
This comes shortly after UK regulators blocked the acquisition, indicating a divergence in regulatory opinions.
IMAGE SOURCE :GOOGLE
The European Commission's approval was based on commitments made by Microsoft regarding cloud gaming.
IMAGE SOURCE :GOOGLE
The EU concluded that Microsoft would have no motivation to withhold Activision's games from Sony, a major competitor in the console market.
IMAGE SOURCE :GOOGLE
However, similar to the UK regulators, the EU did identify potential competition issues regarding the distribution of PC and console games through cloud gaming services.