Microsoft’s $69 Billion Activision Deal Wins EU Approval
- EU says commitments would solve concerns over cloud gaming
- Earlier UK veto means takeover still faces massive obstacles
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Microsoft Corp.’s $69 billion takeover of Activision Blizzard Inc. won European Union approval, putting the bloc at odds with its UK and US counterparts.
The European Commission said its own analysis showed the deal wouldn’t hurt competition after Microsoft vowed to let cloud rivals offer blockbuster titles such as Call of Duty on their own platforms for 10 years. The approval means the fate of the deal now hinges on the firm winning legal challenges in the US and UK — likely an uphill task.