EU decision clearing $69 billion Microsoft, Activision deal expected May 15, sources say

  • 📰 Reuters
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

EU antitrust regulators are set to approve Microsoft Corp's $69 billion acquisition of Activision next week, with May 15 as the likeliest date, people familiar with the matter said.

The European Commission's imminent clearance comes nearly three weeks after the UK competition authority

the deal, the biggest-ever deal in gaming, over concerns it would hinder competition in cloud gaming.the acquisition after Microsoft agreed to licensing deals with cloud streaming rivals including Nvidia, Ukraine's Boosteroid and Japan's Ubitus, other people with direct knowledge of the matter told Reuters in March.

It also has an agreement with Nintendo to bring Activision's Call of Duty to its gaming platforms should the acquisition go through. U.S. distributor Valve Corp, owner of the world's largest video game distribution platform, Steam, declined a contract saying it trusts Microsoft.approvedReporting by Foo Yun Chee; Editing by Kirsten Donovan

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pepe whales turn to $69 memecoin created with ChatGPT called TurboA large holder of the Pepe memecoin styled on the Pepe the Frog cartoon has a new trade: the Turbo token created with OpenAI's ChatGPT language model for $69.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Digital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and OthersFinancial technology company Digital Asset will be launching a privacy-enabled interoperable blockchain network designed for institutional assets to provide a decentralized infrastructure. HeleneBraunn reports.
Source: CoinDesk - 🏆 291. / 63 Read more »

Tech layoffs: Microsoft-owned LinkedIn cuts over 700 jobs, shuts down China app InCareerThe company cited ‘shifts in customer behavior and slower revenue growth’ as the primary reasons for the layoffs. Find out more at 🚀 engineering interestingengineering
Source: IntEngineering - 🏆 287. / 63 Read more »

How to Use Bing's AI Chatbot, and 8 Other Useful Microsoft Edge FeaturesFrom covering your browsing tracks automatically to generating AI images.
Source: Gizmodo - 🏆 556. / 51 Read more »

Microsoft 365’s AI-powered Copilot is getting more featuresMicrosoft 365’s AI-powered Copilot is getting more features and paid access
Source: verge - 🏆 94. / 67 Read more »

Microsoft, Goldman Sachs, others partner in new blockchain networkThe Canton blockchain network for financial institutions is being launched by Digital Asset and a group of firms including Microsoft, Goldman and Deloitte. Participants in the network currently include BNP Paribas, Cboe Global Markets, Digital Asset, Paxos, Microsoft, Goldman Sachs, Deloitte and others.
Source: Cointelegraph - 🏆 562. / 51 Read more »