Microsoft will make concessions on the Activision deal
2022.11.28 12:33
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Microsoft will make concessions on the Activision deal
Budrigannews.com – To avoid formal objections to its $69 billion acquisition of “Call of Duty” developer Activision Blizzard (NASDAQ:), Microsoft is likely to offer remedies to EU antitrust regulators in the coming weeks.people who are aware of the situation said.
The deal was announced in January by the U.S. software giant and Xbox maker to help it compete more effectively with Tencent and Sony (NYSE:).
Since then, Sony has voiced its disapproval of the agreement and even called for a veto from regulators in Britain, the United States, and the European Union.
The European Commission, which is looking into the deal, has until January to put together a formal list of concerns about competition called a statement of objection.The regulatory process could be shortened by offering remedies prior to the release of such a document.
NASDAQ, Microsoft Another person with direct knowledge stated that the solution would primarily consist of a 10-year licensing agreement with Sony, the owner of the Playstation.
The EU competition watchdog, which is expected to make a decision on the deal by April 11, declined to provide any additional information.
Microsoft claimed that it was collaborating with the Commission to address legitimate issues in the market.
“Sony, the industry leader, has stated that it is concerned about Call of Duty, but we have pledged to make the same game available on both Xbox and PlayStation on the same day. A Microsoft spokesperson stated, “We want people to have more access to games, not less.”
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