Microsoft-Activision deal in jeopardy as Microsoft faces EU antitrust warning- Technology News, Firstpost


Citing sources close to the matter, Reuters reports that Microsoft’s $69 billion bid to acquire “Call of Duty” creator Activision Blizzard is likely to result in an EU antitrust warning, which could add another hurdle to completion of the merger.

The Microsoft-Activision deal is in jeopardy as Microsoft faces an EU antitrust warning

Microsoft faces another challenge regarding its acquisition of Activision. The indictment file is set for the European Union, which objects to the merger due to antitrust issues.

The sources told Reuters that the European Commission is preparing to send Microsoft a charge sheet outlining its objections to the agreement, also known as the Statement of Objections.

The European Union’s antitrust watchdog, which has given itself until April 11 to issue a ruling on the deal, chose not to comment.

From Microsoft: β€œIn order to resolve any market concerns, we continue to cooperate with the European Commission. We want to make more games available to more people, and this agreement will help us do that.”

To help it better compete with market giants Tencent and Sony, the US software giant and Xbox manufacturer announced the acquisition in January last year.

Regulators in the United States and the United Kingdom raised objections, and the US Federal Trade Commission sued to stop the merger.

According to other people familiar with the situation who spoke to Reuters in November, Microsoft was expected to provide solutions to EU authorities in an effort to avoid the indictment and speed up regulatory action.

Despite the ongoing informal talks about the concessions, the people said the EU competition enforcement is not expected to be amenable to damages before issuing its indictment.

Microsoft said it was open to a similar arrangement with Sony, which opposed the purchase when it announced last month that it had secured a 10-year agreement with Nintendo to make “Call of Duty” available on Nintendo hardware.

Brazil, Saudi Arabia and Serbia all gave their blessing for the deal without any strings attached.





Source link

Related Posts

Precaliga