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EU issues warning to Microsoft over $69 billion takeover of Activision Blizzard.

Published: 2023-01-16

According to online sources, the European Commission is preparing to issue a warning to the US company Microsoft because of the deal to buy Activision Blizzard for $69 billion. The regulator will soon announce an opinion on the results of the study of the transaction, which will outline officials' concerns about the possible consequences of this merger.

According to the source, the conclusion of the audit will be sent to Microsoft in the next few weeks. Earlier it was reported that the European Commission intends to consider this issue and, based on the results, announce its decision no later than April 11. Official representatives of the European Commission refrain from commenting on this issue.

“We continue to work with the European Commission to resolve any market issues. Our goal is to bring more games to more people, and this deal will help achieve that goal,” Microsoft said.

Recall that Microsoft announced its intention to buy Activision Blizzard for $69 billion in January last year. The software giant said the deal will help the company compete better in the video game space with other big players such as Tencent and Sony. However, regulators in various countries have expressed concern about the likely negative effects on the market that may arise if this transaction is completed. At the moment, the purchase of Activision Blizzard has been approved by regulators in Brazil, Saudi Arabia and Serbia, while in the US, UK and several other countries, the final decision has not yet been made.