Microsoft’s vice-chairman and president Brad Smith told CNBC the firm “really tried to take concerns to heart” before submitting a new takeover bid for Activision Blizzard.
EU regulators approved the takeover in May
after Microsoft offered remedies to allay competition concerns, such as royalty-free licenses to cloud gaming platforms to stream Activision games, if a consumer has purchased them. On regulatory concerns, Smith said:"We haven't tried to dismiss them. We haven't tried to downplay them. We haven't tried to ignore them."
"We've worked to address them, and by addressing them, we have put together a transaction that will advance competition, while also eliminating the concerns on the anti-competitive side that some people had," he told CNBC's Martin Soong on the sidelines of the"I think it will be up to the regulators, especially now in the U.K., to decide whether that path is clear," he said in an interview aired Monday.
U.K. regulators, the Competition and Markets Authority, said that under the new deal, Microsoft will not acquire cloud rights for existing Activision PC and console games, or for new games released by Activision for the next 15 years.will acquire those rights before Microsoft's acquisition of Activision, the CMA added.
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