EU Approves $68.7 Billion Microsoft Activision Deal Breached From England!
May 15, 2023
0
Last year, Microsoft announced it would buy gaming giant Activision Blizzard for a whopping $68.7 billion. However, the company has since with obstacles from both competitors and Sony
Last year, Microsoft announced it would buy gaming giant Activision Blizzard for a whopping $68.7 billion. However, the company has since with obstacles from both competitors and Sony as regulators. have met. So much so that the UK had two companies a few weeks ago did not approve the merger. Behind the block was exposed the possibility that Microsoft might become too competitive in cloud gaming.
As discussions about this decision from the UK and contradictory statements from both companies continued, a statement from the European Union (EU) came out about this gigantic purchase, which will go down in history today. The EU, unlike the UK, has approved the merger between Microsoft and Activision.
EU approves deal thanks to Microsoft’s commitments to address cloud gaming concerns
European Commission, Microsoft decided to approve the agreement thanks to the commitments it made about cloud games.. The commission also stated that Microsoft would have no reason to refuse to distribute its games to Sony. According to the EU, Microsoft releases Activision games Even if pulled by PlayStation this is due to Sony’s dominance in the console market. will not “significantly” harm competition.
However, EU officials, like those in the UK, saw the deal could hurt competition more than any other issue, with PC and console games being distributed through cloud gaming services. For example, if the company made Activision games exclusively for its platform, it could seriously hurt competition. This is where the remedies Microsoft offered on this topic came into play.
To ease concerns, customers who have purchased or will purchase the Actvision game can play on any cloud gaming platform they want. say. It also provides cloud providers to play games in the EU market. license to publish he adds.
EU official Margrethe Vestager stated that thanks to cloud gaming, Activision games will come to many more devices and consumers than before, making the following statements on the subject:“Microsoft’s commitments allow these games to be streamed on any cloud gaming service for the first time, increasing competition and growth opportunities.”
Microsoft has been taking steps to address the concerns for some time now
We’ve seen the company take a step in recent months to address these competition concerns by signing a contract to bring all of its games to Nintendo. Plus, Xbox games are coming to PC Boosteroid, Ubitus and Nvidia It has also made deals with rival cloud providers such as
The closing of the deal between Microsoft and Activision still doesn’t seem very close. The process behind the company’s appeal against the UK’s decision could take months. In addition, the tech giant He also had problems with US regulators. Let’s add. The lawsuit over the settlement between the company and the Federal Trade Commission (FTC) continues. Nevertheless, it can be argued that the approval received today from the EU could positively influence the agreement.
Technology gift suggestions that will make moms happy
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.