Microsoft Activision Blizzard
European Union regulators have given approval to Microsoft's faltering $69 billion bid to acquire Activision Blizzard, the video game company. The approval was granted after Microsoft made concessions to ensure continued access to Activision's games for rival companies. However, the acquisition still faces challenges as American and British regulators have moved to block the deal, citing concerns about competition. The opposition revolves around the impact of cloud gaming, a technology that allows game streaming on various devices. EU regulators approved the deal after Microsoft agreed to guarantee access to Activision titles on cloud gaming services developed by other companies. This approval highlights the differences in regulatory approaches between Europe and the United States. The fate of the deal now depends on legal processes in the US and UK. A loss in either country could have significant consequences due to the global nature of the gaming industry and its technology. Microsoft Activision Blizzard