Microsoft's Takeover of Activision Blizzard Faces In-Depth EU Probe
09 November 2022 - 4:21AM
Dow Jones News
By Mauro Orru
The European Union has opened an in-depth probe into Microsoft
Corp.'s merger with Activision Blizzard Inc., saying that a
combination risks harming competition in the markets for the
distribution of console and personal computers videogames.
The European Commission, the EU's executive arm, said Tuesday
that it had until March 23 to conduct an in-depth investigation and
make a final decision on the merger. The EU said Microsoft could
foreclose access to Activision Blizzard's console and PC video
games, especially high-profile titles such as Call of Duty.
Microsoft agreed to buy Activision Blizzard earlier this year in
an all-cash deal valued at roughly $75 billion amid a flurry of
deal-making in the gaming industry.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 08, 2022 12:06 ET (17:06 GMT)
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