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Microsoft to defend Activision deal at EU hearing on Feb. 21

Published 02/14/2023, 11:06 AM
Updated 02/14/2023, 01:41 PM
© Reuters. FILE PHOTO: Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration
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By Foo Yun Chee

BRUSSELS (Reuters) - Microsoft (NASDAQ:MSFT) will make a last-ditch effort to defend its $69 billion bid for "Call of Duty" maker Activision Blizzard (NASDAQ:ATVI) in front of EU and national antitrust officials at a closed hearing on Feb. 21, the U.S. software company said on Tuesday.

The company asked for the hearing after receiving a statement of objections from the European Commission warning about the possible anti-competitive effects of the deal.

A Microsoft spokesperson confirmed the oral hearing.

The Xbox maker announced the Activision Blizzard acquisition in January last year to help it compete better with leaders Tencent and Sony (NYSE:SONY), but has run into regulatory headwinds in Europe, Britain and the United States.

© Reuters. FILE PHOTO: Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration

Microsoft is expected to offer remedies after the hearing.

It has reached a 10-year deal with Nintendo to make "Call of Duty" available on Nintendo consoles, a remedy aimed at convincing competition enforcers but which has been criticised by Sony, which wants the deal to be blocked.

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