MICROSOFT WILL OFFER CONCESSIONS TO EU IN ACTIVISION DEAL

Tue 29 November 2022:

Microsoft is likely to offer remedies to EU antitrust regulators in the coming weeks to stave off formal objections to its $69-billion bid for “Call of Duty” maker Activision Blizzard, people familiar with the matter said.

The deadline for the European Commission, which is investigating the deal, to set out a formal list of competition concerns known as a statement of objection is in January. Offering remedies before such a document is issued could shorten the regulatory process.

Microsoft’s remedy would consist mainly of a 10-year licensing deal to Playstation owner and critic of the deal Sony , another person with direct knowledge said.

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