EU issues antitrust warning against Microsoft’s $69 billion Activision bid

[FIREPOWER 710]

https://www.politico.eu/article/eu-issues-antitrust-charge-sheet-against-microsofts-69-billion-activision-bid/

 

"The European Union has issued Microsoft with a formal antitrust warning over its $69 billion bid for Activision-Blizzard, three people close to the matter have told POLITICO.

In a so-called statement of objections sent to the U.S. tech giant on Tuesday, EU antitrust enforcers laid out the reasons why the deal could threaten fair competition on the video game market, the sources said.

“The move comes after the EU launched an in-depth investigation into the deal in November, finding that Microsoft may in the future be incentivized to block access to Activision’s popular “Call of Duty” franchise.”

“Such foreclosure strategies could reduce competition in the markets for the distribution of console and PC video games, leading to higher prices, lower quality and less innovation for console game distributors, which may, in turn, be passed on to consumers,” the Commission said at the time.

In response to the new charge sheet, Microsoft said it would be committed to “finding a path forward” for the deal.

“We are listening carefully to the European Commission's concerns and are confident we can address them,” a spokesperson said."

 

 

Lemshits are gonna be jumping off bridges if this deal doesn't go through 

 

They have too much riding on this shitty deal 

 

 I personally think it has a 50% chance of failing and a 50% chance of going through with major concessions. Either way, it's probably good for Sony that they didn't accept Microsoft's shitty initial offers.

 

 

 

 

Edited February 4, 2023 by FIREPOWER

[Playstation Tablet 1,723]

Sony should stick to buying small developers.