EU Expected to Approve Microsoft’s Acquisition of Activision Blizzard
After UK’s ruling, it seems as Microsoft has been making progress for its proposed acquisition of Activision Blizzard, and the latest news suggests that the EU may be set to approve the takeover as early as next week.
According to some sources, the European Commission is expected to give the green light to the acquisition, potentially on Monday, May 15th, which is currently the “likeliest date.” The Commission has until May 22nd to vote on the takeover, but if the news from these sources is true, Microsoft could get the go-ahead a little earlier than was earlier expected.
The acquisition has been all people have been talking about, with some expressing concerns about the potential impact it could have on competition. Activision Blizzard is one of the largest gaming companies in the world, with a portfolio of popular franchises such as Call of Duty, World of Warcraft, and Candy Crush (or so Phil Spencer believes).
Microsoft, on the other hand, is a tech giant that has been steadily expanding its presence in the gaming industry over the past few years, with its Xbox and Game Pass subscription service. The acquisition of Activision Blizzard would give Microsoft access to a massive library of franchises and a great talent, potentially solidifying its position in the gaming market.
Of course, there are still regulatory hurdles to overcome before the acquisition can be finalized. In addition to the EU, the deal also needs to be approved by regulators in the United States and China, where there may be additional concerns about the impact on competition.
Assuming that the EU does approve the acquisition next week, it would certainly be a significant achievement for Microsoft and Activision Blizzard. It would bring them one step closer to completing the deal and could potentially help to alleviate some of the concerns that have been raised about the impact on competition.
It remains to be seen how the other regulatory bodies will respond to the proposed acquisition, but if everything goes according to plan, we could see Microsoft become an even more dominant force in the gaming industry in the years to come. While this is all we know for now, rest assured that we will keep you updated as new information becomes available.