EU Clears Microsoft's $69B Acquisition of Activision Blizzard

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Source: The New York Times
EU Clears Microsoft's $69B Acquisition of Activision Blizzard
Photo: The New York Times
TL;DR Summary

The European Union has approved Microsoft's $69 billion bid to buy video game company Activision Blizzard after the tech giant made concessions to ensure rival companies of new online gaming services would have continued access to titles developed by Activision. However, American and British regulators have each moved to stop the acquisition, arguing that a combination of the Xbox maker with the company behind the Call of Duty franchise would hinder competition. The deal has revealed fractures among regulators about how to crimp the power of the world’s biggest technology companies.

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