Posted on 01/16/2023 9:51:56 AM PST by fluorescence
BRUSSELS (Reuters) - Microsoft is likely to receive an EU antitrust warning about its $69 billion bid for "Call of Duty" maker Activision Blizzard, people familiar with the matter said, that could pose another challenge to completing the deal.
The European Commission is readying a charge sheet known as a statement of objections setting out its concerns about the deal which will be sent to Microsoft in the coming weeks, the people said.
The EU antitrust watchdog, which has set an April 11 deadline for its decision on the deal, declined to comment.
Microsoft said: "We're continuing to work with the European Commission to address any marketplace concerns. Our goal is to bring more games to more people, and this deal will further that goal."
The U.S. software giant and Xbox maker announced the acquisition in January last year to help it compete better with leaders Tencent and Sony.
(Excerpt) Read more at finance.yahoo.com ...
Why do they subject themselves to EU rules? Meanwhile communist china who does have a monopoly on their business exports goes untouched.
EU just trying to make sure MSFT gives some extra money to their elite so they can approve the deal.
Whenever Microsoft buys a game company, it tries to force everything into into its ecosystem, with updates that break old versions and deprecation or elimination of playing off-line, like they did with Mojang’s Minecraft.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.