Microsoft Offers Compromise to EU over Activision Blizzard Deal
Microsoft is formally seeking compromise with the European Union over its proposed acquisition of Activision Blizzard, having now offered a series of remedies to Brussels' antitrust authorities in a bid to win its approval of the transaction.
According to previous reports, Microsoft has been preparing an EU concession package concerning the deal as early as November 2022.Industry watchers have hence been predicting this turn of events for a while now, and though the EU hasn't yet mounted significant opposition to the deal, that's not to say the newly proposed remedies are just a formality.
Not least because the European Commission started investigating Microsoft's Activision Blizzard takeover in late 2022, citing antitrust concerns. Sony Ordered to Reveal Trade Secrets to Microsoft Microsoft has now moved to alleviate those reservations with a formal concession package, Reuters reports, citing confirmation from a company spokesperson and a separate European Commission filing dated March 17.
The public docket for the case does not yet reflect this development, so the actual contents of the remedies that Microsoft proposed to the EU will likely remain unclear until at least next week.
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