The European Commission has approved an agreement for Microsoft to buy video game developer Activision Blizzard for $69 billion, but this is subject to a number of conditions. This is stated in a published statement. area.
“The European Commission has approved a proposal for the acquisition of Activision Blizzard by Microsoft Corporation, in accordance with EU merger rules. Permission is conditional upon the fulfillment of all obligations undertaken by Microsoft,” the document states.
It is noted that Microsoft must fulfill two obligations for a period of 10 years. The first is to allow all consumers in the European Union to watch Activision Blizzard games they are licensed for using any of the available streaming platforms.
Officials said that if Microsoft made Activision games exclusive to Game Pass Ultimate, it would hurt competition between companies. Therefore, the second condition is to provide all European broadcast platforms with a license to use the service for Activision Blizzard games.
The European Commission considered that if these two conditions were met, it would not undermine the conditions of competition in the video game market in the EU, as opposed to a merger.
At the end of April, Microsoft bought Activision Blizzard for $69 billion. was under threatThe UK antitrust regulator for vetoing the biggest deal in the gaming industry.
Microsoft is actively lobbying for approval of the Activision Blizzard takeover deal in both the US and Europe to entice observers into the deal.