Microsoft offers EU remedies seeking OK on Activision deal
By Foo Yun Chee
BRUSSELS (Reuters) – Microsoft Corp has offered remedies in an attempt to gain EU antitrust approval for its $69 billion acquisition of Activision, a European Commission filing showed on Friday.
The EU competition enforcer didn’t provide any details to conform with its policy. Instead, it will seek feedback from competitors and customers before taking its final decision by May 22.
Brad Smith, Microsoft’s President, said that the U.S.-based software company was willing to negotiate licensing agreements with other companies to reduce competition concerns, but not in order to sell Activision’s lucrative business. “Call of Duty” franchise.
In recent weeks, the company signed agreements to bring together three companies. “Call of Duty” To their platforms.
“We have stood behind our promise to bring Call of Duty to more gamers on more devices by entering into agreements to bring the game to the Nintendo console and cloud game streaming services offered by Nvidia, Boosteroid, and Ubitus,” A spokesperson said.
“We are now backing up that promise with binding commitments to the European Commission, which will ensure that this deal benefits gamers into the future.”
Sources tell Reuters that the company will likely win EU approval for the deal, which includes licensing deals and other behavioural remedies. However, the UK competition enforcer is yet to decide.
(Reporting by FooYun Chee; editing done by Jason Neely
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