Microsoft’s proposed $69 billion acquisition of gaming firm Activision Blizzard was approved by European Union regulators on Monday, subject to remedies offered by the U.S. tech giant.
The European Commission has said that Microsoft offered remedies to avert antitrust concerns in the nascent area of cloud gaming. These remedies centered on allowing users to stream their Activision games purchased on any streaming platform, including Microsoft’s cloud service.
After the transaction was banned by the United Kingdom’s top competition body last month, Europe’s approval represents a big gain for Microsoft.
Activision is responsible for some of the world’s most popular console and PC games, including the Call of Duty franchise and World of Warcraft.
The EU decision comes after the UK Competition and Markets Authority banned the transaction earlier this month, citing fears that it would decrease competition in the embryonic cloud gaming industry. According to the CMA, Microsoft would benefit financially from making Activision’s important titles, such as Call of Duty, exclusive to its cloud gaming platforms. Nonetheless, the CMA stated that the acquisition would not diminish competition in the console market.
Microsoft has experienced opposition to the deal from regulators and several of its rivals, including PlayStation games console maker Sony.
Before the EU judgment, Microsoft attempted to ease the commission’s worries about making Activision games exclusive. After meeting with EU regulators in February, Microsoft President Brad Smith said that Xbox PC games will be added to Nvidia’s cloud gaming service. The chipmaker was said to be opposed to the deal.
Microsoft signed a deal for 10 with the Japanese company Nintendo.
As part of the agreement, Microsoft will allow access to Call of Duty through Nintendo’s platform. This deal will go into effect after the deal with Activision Blizzard take off.
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