ATVI - Microsoft didn't offer remedy to European regulator on Activision deal - report
- Microsoft ( NASDAQ: MSFT ) is said to not have offered any remedies in Europe's antitrust review of the company plan's $69 billion purchase of Activision ( NASDAQ: ATVI ).
- Microsoft ( MSFT ) didn't offer any remedies before a last Friday deadline for the company to do so for the European Commission's review of the deal, according to traders, who cited an MLex report that was circulating earlier Monday.
- The report comes after Microsoft ( MSFT ) filed its planned purchase of the video game maker late last month and the EC set a provisional deadline for next Tuesday to make a decision on the transaction, after which the EC is expected to open a four-month investigation.
- Reuters reported earlier this month that the EC said to be asking game developers whether Microsoft ( MSFT ) will have an incentive to block rivals' access to games from Activision ( ATVI ).
- The Federal Trade Commission in late March requested more information about the proposed ATVI/MSFT deal, opening an in-depth antitrust review of the transaction.
- Also see, Microsoft takes aim at Sony ( SONY ) in response to UK's Activision probe.
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Microsoft didn't offer remedy to European regulator on Activision deal - report