EU Clears Microsoft's Acquisition of Activision Blizzard

The European Commission has approved Microsoft's $69 billion acquisition of Activision Blizzard, despite concerns about competition in the cloud gaming market. Microsoft made concessions, including a 10-year commitment to let European consumers play Activision titles on any cloud gaming service and a promise not to downgrade the quality or content of its games on rival streaming platforms. The deal is being challenged in the US and UK, but Microsoft said its commitment on game streaming would apply globally. Activision CEO Bobby Kotick pledged to expand investments in EU workers.