The boss of the European Commission has explained in detail why her agency approved Microsoft's $68.7bn Activision Bliz…
The boss of the European Commission has explained in detail why her agency approved Microsoft's $68.7bn Activision Blizzard deal - and why she thinks the UK was wrong to block it.given yesterday, European Commission executive vice president Margrethe Vestager laid out the regulator's own"call of duty" to only block buyouts when really necessary.
"That is not our policy," Vestager continued."Framing enforcement in a binary decision is limitative. There will be cases where competition issues cannot really be solved by a divestment, and the market will not necessarily be better off if we block the merger. "The overall market share for Microsoft and Activision was generally low in Europe. It's only when you look at specific segments like 'shooter games' that you get to above 20 percent. And for consoles, Sony sells about four times more PlayStations than Microsoft sells Xboxes. With this context, we did not think the merger raised a vertical issue.
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