According to media reports, according to documents submitted by the EU antitrust regulator on Friday, the agency will decide whether to approve it by November 8.$Microsoft (MSFT.US)$Buy it for $69 billion$Activision Blizzard (ATVI.US)$The deal.
The deal, by far the largest in the gaming industry, will help Microsoft Corp better compete with rivals such as Tencent and Sony Group Corp (SONY). After a preliminary review, the European Commission may approve the transaction with or without remedial action. If there are serious concerns, the agency can also launch a four-month investigation.
Prior to the report, Microsoft Corp CEO Satyanadella said in an interview that although the company's $69 billion acquisition of Activision Blizzard faces an in-depth regulatory investigation in the UK, he is confident that the deal will eventually be approved by regulators.