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Monday, May 15, 2023 10:42:55 AM
By: Investing.com | May 15, 2023
BRUSSELS (Reuters) - EU antitrust regulators on Monday cleared Microsoft Corp (NASDAQ:MSFT)'s $69 billion acquisition of Activision, saying remedies offered by the U.S. software giant addressed their concerns.
The European Commission said Microsoft has offered 10-year free licensing deals to European consumers and cloud game streaming services to stream Activision's PC and console games, confirming a Reuters report in March.
"The commitments fully address the competition concerns identified by the Commission and represent a significant improvement for cloud gaming as compared to the current situation," the EU competition watchdog said in a statement.
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