Microsoft shares and Activision Blizzard shares benefit: EU Commission approves Activision deal from Microsoft May 15, 2023

2023-05-15 15:44:39

news-teaser">

The EU Commission has approved the planned takeover of the video game company Activision Blizzard by the technology giant Microsoft subject to conditions.

Microsoft has offered two ways for users to keep access to Activision Blizzard games even after the takeover, the commission announced on Monday in Brussels.

On the one hand, players in the EU countries as well as Norway, Iceland and Liechtenstein should get a free license for ten years, which allows them to play current and future games from Activision Blizzard via a cloud gaming service of their choice. The prerequisite is that they already have a gaming license. Cloud gaming providers should also receive a license so that users can play all Activision Blizzard PC and console games.

S&P 500 prices push volume






All chart analysis can be found on our YouTube channel. Inform now!

“The commitments fully address the competition concerns raised by the Commission,” the Commission’s statement said. The competition authorities also emphasized that there are incentives for Microsoft to offer Activision games for Sony’s Playstation, since the competitor’s console achieves four times the sales of its own Xbox.

But the takeover is not yet done. In Great Britain, the supervisory authority CMA blocked the takeover in April. She fears a distortion of competition and that Microsoft’s competitive advantage, especially in the cloud gaming sector, will increase too much as a result of the merger of the companies. There is also resistance to the project in the United States.

Microsoft wants to buy the Blizzard games group for 68.7 billion US dollars (around 63.2 billion euros). In addition to “Call of Duty”, Activision Blizzard also includes titles such as “Overwatch”, “World of Warcraft”, “Starcraft” and “Hearthstone”. Competition watchdogs have reservations about the takeover, fearing that users’ access to games could be restricted.

On the NASDAQ stock exchange, Microsoft shares temporarily rose 0.09 percent to $309.24, while Activision shares also gained 1.05 percent to $78.18 in places.

BRUSSELS (dpa-AFX)

Image Credit: Pavel Kapysh / Shutterstock.com, Eric Broder Van Dyke / Shutterstock, Activision Blizzard

On my own account

Trading without order fees

Trade your securities immediately without order fees at finanzen.net zero!

Inform now!

More news on the subject

1684171050
#Microsoft #shares #Activision #Blizzard #shares #benefit #Commission #approves #Activision #deal #Microsoft

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.