MacMusic  |  PcMusic  |  440 Software  |  440 Forums  |  440TV  |  Zicos
deal
Search

Microsoft Likely To Offer EU Concessions Soon in Activision Deal

Monday November 28, 2022. 10:21 PM , from Slashdot
Microsoft is likely to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to its $69 billion bid for 'Call of Duty' maker Activision Blizzard, Reuters reported Monday, citing people familiar with the matter. From the report: The U.S. software giant and Xbox maker announced the deal in January to help it compete better with leaders Tencent and Sony. It has since then faced regulatory headwinds in the European Union, Britain and in the United States, with Sony criticising the deal and even calling for a regulatory veto.

The deadline for the European Commission, which is investigating the deal, to set out a formal list of competition concerns known as a statement of objection is in January. Offering remedies before such a document is issued could shorten the regulatory process. Microsoft's remedy would consist mainly of a 10-year licensing deal to Playstation owner Sony, another person with direct knowledge said.

Read more of this story at Slashdot.
https://tech.slashdot.org/story/22/11/28/2044254/microsoft-likely-to-offer-eu-concessions-soon-in-ac...
News copyright owned by their original publishers | Copyright © 2004 - 2024 Zicos / 440Network
Current Date
Mar, Thu 28 - 11:40 CET