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Topic: No Microsoft remedies in first EU antitrust review of Activision deal – source (Read 24 times) previous topic - next topic

No Microsoft remedies in first EU antitrust review of Activision deal – source

No Microsoft remedies in first EU antitrust review of Activision deal – source

[html]By Foo Yun Chee BRUSSELS (Reuters) – Microsoft Corp’s has not offered any remedies to EU antitrust regulators reviewing its proposed $69…
                              

By Foo Yun Chee


BRUSSELS (Reuters) –     Microsoft Corp’s has not offered any remedies to EU antitrust regulators reviewing its proposed $69 billion bid for “Call of Duty” maker Activision Blizzard ahead of an expected full-scale EU probe, a person familiar with the matter said on Monday.


The U.S. software co*pany is betting on the acquisition to help it co*pete better with leaders Tencent and Sony, with the latter being a critic of the deal.


The European co*mission, which is scheduled to finish its preliminary assessment of the deal by Nov. 8, said its website was up to date. The site showed that Microsoft had not provided concessions.


Microsoft said it continues to work with the co*mission on the next steps and to address any valid marketplace concerns, such as those voiced by Sony.


“Sony, as the industry leader, says it is worried about Call of Duty, but we’ve said we are co*mitted to making the same game available on the same day on both Xbox and PlayStation,” Microsoft said in a statement.


co*panies typically do not offer remedies during the EU preliminary review when they know regulators subsequently intend to open a four-month long investigation.



(Reporting by Foo Yun Chee; editing by David Evans)


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