The EU is preparing to give Microsoft an antitrust warning in the coming weeks over its deal to purchase Activision Blizzard, according to a new report.
Fitz-Gerald Group chief investment officer Keith Fitz-Gerald discusses tech and energy stocks ahead of the opening bell.over the technology giant's potential $69 billion acquisition of video game maker Activision Blizzard, according to a new media report.
Sources recently told Reuters that the European Commission's concerns over the deal would be made public in the coming weeks. Blizzard is the publisher that owns the famous "The commission's statement has a set deadline of April 11, 2023, for its objections, according to Reuters. Blizzard's latest "Call of Duty: Modern Warfare 2" generated over $1 billion in revenue 10 days after its initial November release date.
"We're continuing to work with the European Commission to address any marketplace concerns," a Microsoft spokesperson told Reuters in a statement. "Our goal is to bring more games to more people, and this deal will further that goal."Microsoft, which owns the, announced the deal to purchase Blizzard in January 2022. However, antitrust regulators in the United States and the United Kingdom have attempted to stall the acquisition.
In order to avoid concerns over the deal, Microsoft has vowed to make "Call of Duty" available on Nintendo in a 10-year agreement. The company is willing to negotiate with its competitor Sony for the same conditions, according to Reuters. Countries such as Saudi Arabia, Serbia and Brazil have given Microsoft approval to move forward with the acquisition without mandatory conditions.
The EU launched the investigation of Microsoft's acquisition in November 2022 before the deal was announced, fearing it would create unfair control of the video game industry.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Microsoft faces EU antitrust warning over Activision deal - sourcesMicrosoft is likely to receive an EU antitrust warning about its $69 billion bid for 'Call of Duty' maker Activision Blizzard , people familiar with the matter said, that could pose another challenge to completing the deal.
Baca lebih lajut »
Xbox Reportedly Getting Antitrust Warning from EU Over Activision DealAs the video game industry waits for a response to Microsoft's proposed purchase of Activision [...]
Baca lebih lajut »
Buffalo man saved by stranger during blizzard loses all his fingers to frostbiteJoey White, 64, underwent several surgeries to treat his severe fourth-degree frostbite, but doctors couldn’t save his fingers, kin said.
Baca lebih lajut »
Storm roars into Sierra; Whiteout blizzard, spinouts halt drivers on I-80A fierce winter storm roared in the Sierra Saturday, creating dangerous travel conditions, halting traffic on mountain passes and disrupting MLK holiday weekend ski plans.
Baca lebih lajut »
Bills reward hero who saved 24 lives during blizzard with Super Bowl ticketsJay Withey, who saved the lives of 24 people during a blizzard in Buffalo on Christmas Eve, was rewarded for his heroism with two tickets to Super Bowl LVII.
Baca lebih lajut »
New Microsoft AI Can Clone Your Voice From Three Seconds of AudioMicrosoft has a new text-to-speech AI that can clone your voice, tone and all, from just a quick three-second snippet of audio. It's called VALL-E.
Baca lebih lajut »