The EU Approves Microsoft’s Latest Acquisition of Activision 👍

The EU Approves Microsoft’s Latest Acquisition of Activision

Following the United Kingdom’s block of Microsoft’s deal to acquire video game titan Activision, news has just been released that favors the acquisition on a mass scale. The European Union announced its vote to favor Microsoft’s $69 billion purchase of Activision, a large steppingstone to make up for the previous hurdles endured by the mega-cap company. The reason for the clearance came from a package of remedies that the European Commission found to dismiss any potential antitrust concerns. Originally, the U.K. explained its decision to block the deal revolved around obstructed competition within the growing cloud gaming space. However, some of these remedies the EU found to encourage competition were in the cloud streaming space, where Microsoft guarantees that any Activision game will not be exclusive to Microsoft’s own cloud streaming platform.

Activision, which recently merged with another video game company Blizzard, owns some of the world’s most popular gaming franchises such as Call of Duty, Overwatch, World of Warcraft, and more. Several government institutions seem to fear that Microsoft’s large complimentary presence in video game consoles and streaming services would hinder numerous video game sectors; they would not only be able to compete but lose the opportunity to continue to innovate and grow at the exponential pace it currently has. However, Microsoft continues to ensure that its acquisition is structured to be inclusive, whereas several other companies will be able to utilize and promote Activision’s games to its advantage. Regardless, the second-largest market shareholder of the video game industry is the United States, and the takeover has had a number of issues domestically. The U.S. Federal Trade Commission has an ongoing legal case against Microsoft, and several rivals such as Sony will continue the fight to block the landmark acquisition.

Want to learn how to invest? Download the Invstr app, where you can play Fantasy Finance and manage a virtual investment portfolio or open a brokerage account and invest for real. Take our interactive investing course on Invstr Academy and become a better investor today!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.