Spaces:
Runtime error
Runtime error
stock_news_summaries_AI
/
news
/EA
/2023.02.21
/Microsoft's president to push Activision deal at EU hearing; Google, Nvidia also presen...txt
BRUSSELS, Feb 21 (Reuters) - Microsoft | |
President Brad Smith on Tuesday will seek to convince EU | |
antitrust regulators at a closed hearing that the U.S. software | |
giant's $69 billion bid for "Call of Duty" maker Activision | |
Blizzard will boost competition.Smith will lead a delegation of 18 senior executives, | |
including Microsoft Gaming Chief Executive Officer Phil Spencer, | |
while Activision will be represented by its CEO Robert Kotick, a | |
European Commission document seen by Reuters showed.The hearing will allow Xbox maker Microsoft to gauge the | |
mood among senior EU and national competition officials and | |
European Commission lawyers ahead of the submission of remedies | |
to address antitrust concerns."I think we will make clear that our acquisition of | |
Activision Blizzard will bring more games to more people on more | |
devices and platforms than ever before," Smith told reporters on | |
his way to the hearing.Microsoft was willing to address concerns with "Call of | |
Duty" licensing offers similar to the 10-year deal with Nintendo | |
and regulatory undertakings, Smith added, without | |
providing any further details.Microsoft announced the Activision acquisition in January | |
last year to take on leaders Tencent and Sony | |
, but has run into regulatory headwinds in Europe, | |
Britain and the United States.Sony, which wants the deal to be blocked, sent its gaming | |
chief Jim Ryan.Alphabet's Google and chip designer and computing | |
firm Nvidia Corp, which has a gaming business, also | |
took part in the hearing."The European Commission asked for our views in the course | |
of their inquiries into this issue. We will continue to | |
cooperate in any processes, when requested, to ensure all views | |
are considered," a Google spokesperson said.Nvidia declined to comment. The European Games Developer | |
Federation, which has said the deal will allow Microsoft to | |
challenge Apple, Google and Tencent, is one of the | |
participants.Video game distributor Valve, video game publisher | |
Electronic Arts and the German competition watchdog and | |
its peers in Belgium, the Czech Republic, Finland, France, | |
Italy, Portugal, Spain and Sweden will also be taking part in | |
the event. | |
(Reporting by Foo Yun Chee; Editing by Chris Reese and Shounak | |
Dasgupta) |