Microsoft’s acquisition of Activision Blizzard has been the subject of discussion for over a year now. Without a doubt, the almost $70 billion dollar deal is one of the largest tech deals in history. This has led to many conversations about competition within the video game industry. While many regulators have passed the deal in the past few months, some countries have stood steadfast against the deal. Both the FTC and the CMA claim that this deal could lessen competition within the market. Microsoft has a long legal battle ahead with these two regulators reportedly one of the largest regulators will be passing the deal early next week.
Activision Blizzard Deal Set To Be Approved By The EU
In a report published by Reuters, supposedly the EU is set to approve Microsoft’s acquisition of Activision Blizzard. This announcement could supposedly take place as early as May 15th according to those familiar with the matter. The EU has reportedly been satisfied with Microsoft’s deals with other cloud providers in order to pass the deal. It appears that Microsofts deals with big cloud providers such as GeForce Now via Nvidia, as well as other smaller services such as Boosteroid and Ubitus are now paying dividends. The EU has set a date of May 22nd deadline for their ruling in regard to this deal. So it is unlikely we will have to wait long to see what the commission has to say in regard to the deal.
If the EU does rule in favor of Microsoft this will be a big win for the acquisition. As they could potentially use this victory within their appeals to both the FTC and the CMA in the coming months. While this deal is far from over, it will be interesting to see what Microsoft’s next step will be with the EU’s support behind them in their acquisition of Activision Blizzard.
What do you think of this latest update? Do you think the acquisition of Activision Blizzard will go through next week? Let us know in the comments and don’t forget to check back for the latest gaming news and information.
