According to Reuters, the European Commission will no longer initiate a new round of investigation procedures into the Blizzard acquisition, which means that the newly revised plan submitted by Microsoft no longer needs to be investigated and reviewed by the EU again.
The European Commission approved Microsoft’s $69 billion acquisition of Activision Blizzard in May this year, while the CMA blocked the same plan in April this year, claiming it would give Microsoft an anti-competitive advantage in the cloud gaming market.
Microsoft then submitted a new revised plan to the CMA, committing to letting Ubisoft offer current and future Activision Blizzard games via cloud streaming.
It was previously reported that after Microsoft submitted a new plan, the European Commission will re-open its investigation, which will undoubtedly delay the company’s timetable for completing the transaction. Bloomberg saying that the European Commission believes that the transaction “does not need to go through another approval process.”
An official spokesperson for the European Commission would not comment on the report, saying only that the European Commission is “closely following developments in the UK and assessing their potential impact.”
Microsoft is rumoured to be preparing to finalize its acquisition of Activision Blizzard as early as this Friday (October 13). Even if the company does complete the acquisition, it may still have to deal with the FTC.
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