European Union intends to approve Microsoft’s acquisition of Activision Blizzard

The European Union may approve Microsoft’s $69 billion acquisition of Activision Blizzard. The report suggests that the EU is not expected to require Microsoft to split specific assets or impose specific restrictions on the deal, perhaps because Microsoft recently announced a 10-year agreement with Nintendo and NVIDIA, ensuring that game content will be fairly provided on their platforms. Microsoft also emphasized that it will sign a cooperation agreement with Sony, further convincing the EU to believe in Microsoft’s previous commitments.

However, even if Microsoft convinces the EU regulatory authorities, the deal still faces opposition from the UK Competition and Market Authority and the US Federal Trade Commission. The Chinese State Administration for Market Regulation seems to be interested in approving the deal.

Previously, Microsoft emphasized that the acquisition of Activision Blizzard would promote the growth of the gaming market and benefit the development of more games. They also promised to continue providing games on the platforms of their competitors, such as Nintendo. Microsoft explained that relying solely on its own gaming platform would not achieve maximum benefits.

Regarding the acquisition of Activision Blizzard, Microsoft also stated that it would benefit the development of its Metaverse application, including improving virtual visual applications through game technology and increasing the interactivity of the Metaverse through game content.

Currently, Microsoft must resolve regulatory issues worldwide before July of this year, or it will have to renegotiate the acquisition with Activision Blizzard or pay a $3 billion breakup fee.

Via: Reuters