The European Commission is reportedly due to issue an antitrust warning over Microsoft’s proposed acquisition of Activision Blizzard.
It’s claimed that Microsoft was expected to offer remedies to EU regulators in an attempt to avert a statement of charge and shorten the regulatory process. However, it’s claimed the EU is not open to remedies without first sending out its charge sheet.The EU antitrust watchdog previously set an April 11 deadline for its decision on the deal.
Microsoft said in a statement issued to Reuters: “We’re continuing to work with the European Commission to address any marketplace concerns. Our goal is to bring more games to more people, and this deal will further that goal.”a bid to stop Microsoft’s acquisition of Activision , which it argues would enable the company to “suppress competitors” to its Xbox consoles and its subscription content and cloud gaming business.
However, it’s possible that both sides could yet agree to concessions before the trial. On January 3, Microsoft noted that both EU and UK regulators had not blocked the deal, and that it expected a decision within the next few months.
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.
NetEase's Blizzard team disbands following collapse of 14-year Chinese dealThe team of people who worked on Blizzard games in China as part of NetEase has been 'dissolved', a new report claims. …
Read more »
Microsoft’s $10bn bet on ChatGPT developer marks new era of AI\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Xbox sales: TA Team Picks (January 14th)Microsoft has slashed prices from plenty of games on the Xbox Store again this week, across Xbox Series X|S, Xbox One, Xbox 360, and PC. The TA news team has searched through the offers to give you their favourite picks.
Read more »
The Callisto Protocol reportedly hasn’t met publisher sales expectations | VGCThe Callisto Protocol has reportedly seen disappointing sales numbers, failing to recoup a reported $ 162 million budget. This has caused investors in publisher Krafton to lower their target stock price in response.
Read more »
NetEase's Blizzard team disbands following collapse of 14-year Chinese dealThe team of people who worked on Blizzard games in China as part of NetEase has been 'dissolved', a new report claims. …
Read more »
Arsenal 'turn attention' to La Liga starlet after missing out on Mudryk transferArsenal are looking to sort out a deal for Real Vallodolid right-back Ivan Fresneda with the Gunners looking to ‘pivot’ for a new forward too, according to reports...
Read more »