The European Union’s antitrust watchdog approved Microsoft’s MSFT 0.16%increase; green up pointing triangle planned $75 billion acquisition of Activision Blizzard ATVI 1.24%increase; green up pointing triangle, giving the two companies a win after the deal hit a regulatory roadblock in the U.K.
The European Commission, the bloc’s competition enforcer, said it cleared the deal based on commitments by Microsoft to make Activision’s games, including those from its popular Call of Duty franchise, available on rival cloud-streaming platforms. The companies still need approval from other major competition authorities to close the transaction, legal experts say.
