European Union Likely to Pass Xbox’s $69 Billion Buyout of Activision

Money talks.

According to a Reuters report, the European Union will apparently not object to Microsoft’s unprecedented $69 billion buyout of Activision Blizzard. The Redmond firm went on a charm offensive in Brussels last week, signing a variety of deals with Nintendo and NVidia GeForce Now, promising Call of Duty for at least the next 10 years should the deal clear. During a press event in which Xbox “paraded” its minuscule market share compared to PlayStation, suit Brad Smith held aloft a contract for Sony, awaiting its signature.

And it looks like it did the job: sources claim the EU is unlikely to object to the deal going through, and it’ll not demand Microsoft sell off some of the assets, as had been proposed by the UK’s Competition and Markets Authority. In a statement released shortly after the latest round of reports, the Windows maker reiterated that it’s “committed to offering effective and easily enforceable solutions that address the European Commission’s concerns”.

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