Microsoft’s ongoing $69 billion purchase of Activision Blizzard has been the talk of the town for over a year. Although the deal has been approved in two countries like Saudi Arabia and Brazil, the Redmond tech company faces major challenges in key markets like the US and Europe. The company has now received a list of concerns regarding its procurement from the European Commission (EC).
Bloomberg claims that Microsoft received a statement of objections from the EC earlier in the week, according to unnamed sources familiar with the matter. The list of concerns is part of an ongoing investigation, the results of which are due on April 11.
Simply put, the statement outlines “probable reasons” for Activision to hold off on taking over the Blizzard unless certain concessions are made. However, it is important to understand that this is standard practice and does not necessarily mean that the deal will not be approved. Microsoft has already said it is willing to make concessions to the European Union if needed.
Right now, the details aren’t clear on what the objections include, but we already know that many regulators, including the EC, believe that the deal could reduce competition in the market and Microsoft in the mobile and cloud gaming sector. Can make strong. Its potential has also been highlighted by Nvidia and Google. For its part, Microsoft is trying to reassure regulators that it doesn’t intend to limit competition or reduce access to games. He has promised to bring. Call of Duty added to the Nintendo Switch and offered to keep the franchise on PlayStation for at least the next 10 years.
Source: Bloomberg
