EU Approves Microsoft's $69 Billion Acquisition of Activision Blizzard

The European Commission has approved Microsoft's acquisition of Activision Blizzard, stating that the proposed remedies offered by Microsoft would bring "significant improvement" to the cloud gaming market. Microsoft has offered a 10-year licensing commitment for consumers in the European Economic Area (EEA), guaranteeing that Activision Blizzard games will not be locked to the Game Pass Ultimate or the Xbox Cloud Gaming platform. The deal still faces hurdles, including an appeal of the UK's Competition and Markets Authority decision and scrutiny from the US Federal Trade Commission.