Anti-trust regulaors in the European Union will be approving Microsoft’s $68.7 billion acquisition of Activision Blizzard, and it could be as soon as this coming Monday, May 15th, according to a Reuters report.
Initially, the European Commission had stated a decision would be finalized by May 22nd, but this announcement could come a week before then, Reuters writes.
Approval from the European Commission is really no big surprise, as Microsoft president Brad Smith has said. Regulators in the EU are more open to having “more of a conversation” about the proposed deal, in comparison to the UK. Also according to Smith, the EU is a more attractive area to do business in than the UK.
“People are shocked people are disappointed and people’s confidence in technology in the UK has been severely shaken,” Smith said.
The CMA (Competition & Markets Authority) handed down its decision on April 26th, announcing it would be blocking the deal over concerns about cloud gaming. Since then, Microsoft and Activision Blizzard have lawyered up with major names, including a lawyer who previously represented Queen Elizabeth II.
Microsoft’s buyout of Activision Blizzard has already been approved in several countries, including Japan, Saudi Arabia, and Serbia. New Zealand’s Commerce Commission is looking at making a decision on June 9th. The FTC is the US is set to host its first evidentiary hearing on August 2nd.