Microsoft and Activision Blizzard clear major hurdle in acquisition saga, but deal isn’t done

Microsoft’s $69 billion purchase of Activision Blizzard is a step closer to being approved following reports today that the deal has been approved by European regulators.

The European Commission has approved the deal, according to reports by The Verge and Axios, allowing it to officially be passed in the European Union. Microsoft made key concessions and adjustments regarding cloud gaming that appeased the EU regulatory body, and the Commission’s report reflects those concessions as well as the Commission’s relaxed concerns regarding competition.

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