EU launches antitrust investigation into Microsoft’s purchase of Activision Blizzard
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European Union (EU) antitrust regulators have begun investigating Microsoft’s $69 billion bid for Activision Blizzard. Microsoft is hoping its acquisition of Call of Duty game maker will help it compete with market leaders Tencent and Sony. Regulators believe the deal could harm competition in the video game market.
“A preliminary investigation indicates that the deal could significantly reduce competition in the console and PC video game distribution markets,” he said. Reuters extract from the statement of the European Commission (EC). The EC is concerned, among other things, that Microsoft could revoke access rights to Activision Blizzard’s console and PC video games, especially those like Call of Duty.
On Plans to Buy Activision Blizzard from Microsoft announced in the middle of January. For Microsoft, this will be the largest acquisition in the history of the company. Shareholders of Activision Blizzard approved deal with Microsoft at the end of April. In the same month, South Korean regulators started verification of the deal for the purchase of Activision Blizzard.
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