EU Antitrust Regulators Extend Deadline for Verdict on Microsoft’s $69 Billion Activision Deal to April 25
EU antitrust regulators have extended their deadline for a decision on Microsoft's $69 billion (roughly Rs. 5,71,800 crore) acquisition of Call of Duty maker Activision to April 25, according to a European Commission filing on Wednesday.
The Xbox maker announced the Activision Blizzard deal in January last year to help it compete better with leaders Tencent and Sony but has encountered regulatory hurdles in Europe, Britain and the United States.
It is expected to offer remedies to the EU competition enforcer soon.
Last month, Microsoft struck a 10-year deal to bring Call of Duty and other Activision games to Nvidia's gaming platform if the Xbox maker is allowed to complete its much-contested $69 billion acquisition of Activision.
Regulators and competitors like Sony have come out hard against the proposed Microsoft-Activision tie-up. The move may allay concerns by ensuring more ways for consumers to get games controlled by Microsoft, but regulators around the world have been sceptical about the acquisition.
Britain, earlier in February, said the deal could harm gamers by weakening the rivalry between Xbox and PlayStation, resulting in higher prices, fewer choices and less innovation for millions of players, as well as stifling competition in cloud gaming.
Sony has led opposition to the Microsoft-Activision deal, saying last year it was “bad for competition, bad for the gaming industry, and bad for gamers themselves.”
Apart from Sony and Nvidia, other companies including Alphabet's Google had expressed concerns to the FTC about the deal, according to media reports.
Microsoft has pledged to keep Call of Duty on Sony's PlayStation. The popularity of the first-person shooter franchise is undimmed nearly two decades after
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