In a decision diametrically opposed to findings by British and US antitrust authorities, EU regulators said on Monday that the transaction could actually boost competition and make the fledgling cloud-gaming market better.
Microsoft Corp.’s $69-billion takeover bid for games developer Activision Blizzard Inc. came back from the brink after the European Union gave its blessing for one of the biggest deals in history., EU regulators said on Monday that the transaction could actually boost competition and make the fledgling cloud-gaming market better.
“The standard of review in merger cases in the UK is deferential,” meaning that “the grounds on which the decision can be annulled are quite limited.” Earlier Monday, Vestager had dubbed the deal a “pro-competitive” merger that would help to “kick-start” the cloud streaming market. Activision CEO Bobby Kotick said the EU conducted a “thorough, deliberate process to gain a comprehensive understanding of gaming.”
The Xbox maker’s plan was to persuade UK and EU authorities to accept a global behavioural remedy, then return to negotiations with the FTC.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft gets big boost in its effort to buy Activision - TechCentralMicrosoft has won European Union antitrust approval for its blockbuster, $69-billion acquisition of Activision.
Read more »
Cheapest big-screen TVs in South AfricaHere are some of the most affordable big-screen 4K TVs available to South African consumers.
Read more »
Bright lights, undercover vehicles and 'big stuff'- Here's what happened the night Lady R dockedFor an alleged covert arms shipment, the Lady R saga played out in front of a large, curious audience.
Read more »
Bright lights, undercover vehicles and 'big stuff'- Here's what happened the night Lady R dockedFor an alleged covert arms shipment, the Lady R saga played out in front of a large, curious audience.
Read more »
Ten Hag makes big midfield transfer 'request' at Man Utd | KickOffErik ten Hag has now reportedly asked the Manchester United hierarchy to sign a certain midfielder who featured in the 2022 FIFA World Cup final in December. 👀 More here! ▶️
Read more »