Microsoft likely to offer EU concessions soon in Activision deal - sources [Financial Post (Toronto, Ontario, Canada)]
Activision Blizzard, Inc (ATVI)
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Source: Financial Post
bid for “Call of Duty” maker Activision Blizzard, people familiar with the matter said. Advertisement The U.S. software giant and Xbox maker announced the deal in January to help it compete better with leaders Tencent and Sony. It has since then faced regulatory headwinds in the European Union, Britain and in the United States, with Sony criticizing the deal and even calling for a regulatory veto. The deadline for the European Commission, which is investigating the deal, to set out a formal list of competition concerns known as a statement of objection is in January. Offering remedies before such a document is issued could shorten the regulatory process. Microsoft's remedy would consist mainly of a 10-year licensing deal to Playstation owner Sony, another person with direct knowledge said. The EU competition watchdog, which is scheduled to decide on the deal by April 11, declined to comment. Microsoft said it was working with the Commission to address valid marketplace c
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