Microsoft awaits EU approval to acquire Activision

Microsoft awaits EU approval to acquire Activision

The European Commission, which is scheduled to rule on the deal before April 25, is not expected to require Microsoft to sell assets to get its approval.

In addition to license agreements for competitors, it is possible that Microsoft may also have to offer other solutions for concerns raised by competitors other than Sony.said one of the sources. These remedies usually concern the future conduct of the merged company.

Activision shares, which rose 1.8% in premarket trading, were now up 2.6% in late trading.

Microsoft Chairman Brad Smith stated last month that the American software group was willing to offer its competitors license agreements to address competition concernsbut that it would not sell Activision’s lucrative “Call of Duty” franchise.

Smith stated that it is neither feasible nor realistic to think that one game or one part of Activision can be separated from the rest. Given this, the EU competition agency declined to comment. Microsoft said it was “committed to delivering effective and easily enforceable solutions that address the concerns of the European Commission.”

“Our long-term commitment to grant 100% equal access to Call of Duty to Sony, Steam, NVIDIA and others preserves the benefits of the agreement for gamers and developers and increases competition in the market”said a Microsoft spokesperson.

Source: Ambito

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