#QuickTakes By

Microsoft Wants UK To Oppose Its Activision Blizzard Deal

Scribbled Arrow

TRENDING GLOBALLY

-: FOLLOW US :-  @theinsaneapp

Microsoft is facing opposition from UK's competition regulator over its proposed $68.7bn deal to acquire Activision Blizzard.

-: FOLLOW US :-  @theinsaneapp

The European Union (EU) has also formally objected to the deal, citing a perceived risk in Microsoft owning Call of Duty and reducing competition in the video games industry.

-: FOLLOW US :-  @theinsaneapp

Microsoft believes that the antitrust authority in the UK will also oppose the transaction.

-: FOLLOW US :-  @theinsaneapp

Microsoft hopes to convince both the EU and UK to approve the deal through concessions.

-: FOLLOW US :-  @theinsaneapp

Microsoft recently contested the EU's antitrust warning against the Activision Blizzard acquisition.

-: FOLLOW US :-  @theinsaneapp

Microsoft is confident that it can address the issues raised by the EU.

-: FOLLOW US :-  @theinsaneapp

Concessions are expected to be offered by Microsoft to get the deal approved by the EU and other authorities.

-: FOLLOW US :-  @theinsaneapp

Informal dialogue on the concessions is currently underway.

-: FOLLOW US :-  @theinsaneapp

Microsoft also faces similar complaints from the US Federal Trade Commission and the UK's Competition and Markets Authority.

-: FOLLOW US :-  @theinsaneapp

The administrative trial is scheduled to start in the summer and Microsoft hopes to reach an agreement with the FTC before that.

#GIVEAWAY BY INSANE

Do you know that we give away around $250 USd in cash prizes every week?

Let’s grow together!