The European Commission has approved Microsoft's $69B

 

The European Commission has approved Microsoft's $69B acquisition of Activision, but the U.K.'s Competition & Markets Authority has blocked the deal.  The U.S. Federal Trade Commission's case is still pending, while Japan has already approved it. Due to Microsoft's agreement to grant Activision game licenses to competing game streaming services, the European Commission views the transaction as pro-competitive. The U.K.'s decision to reject the accord was viewed as an assertion of its regulatory power after Brexit. Microsoft has agreements to license Activision titles to organizations like Nvidia, Nintendo, Boosteroid, and Ubitus. Following the EU's approval, Activision's shares increased 1.3%, while Microsoft's shares remained steady.