The European Union regulators granted the $69 billion deal its approval this week. Regulators in the European Union have granted Microsoft their approval for its $69 billion acquisition of the Activision Blizzard gaming company. This deal is subject to remedies Microsoft offered in order to assuage concerns over antitrust issues. The European Union’s executive arm, the European Commission, has stated that Microsoft offered remedies that have overcome antitrust concerns in the cloud gaming ecosystem. These remedies had to do with permitting users to use any cloud streaming platform to stream…
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Microsoft to purchase Activision Blizzard in $70 billion cash acquisition
The tech giant says that it intends to purchase the struggling video game company due to the metaverse. Microsoft has announced its intentions to purchase the massive but troubled Activision Blizzard video game company for almost $70 billion. This will represent the largest deal ever at a time when people will be spending more time in the digital universe. In its Activision Blizzard purchase, Microsoft is betting that people will be spending a great deal more time in the digital world also known as the metaverse. This massive acquisition was…
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