Microsoft-Activision Merger: The European Commission (EC) has announced a comprehensive investigation into Microsoft’s proposed acquisition of Activision, putting the deal’s approval in the EU in jeopardy. Although the EC has yet to issue a ruling on the matter, the company’s early reaction to the agreement has angered both Microsoft and Xbox supporters, who believe the regulator is siding with Sony. An EC worker’s contentious post added more confusion to the situation.
Activision shares have been hovering around $76. Anyone who buys now will receive $95/share if the Microsoft deal is approved. That’s quite a return, with a discrepancy suggesting that the market believes the deal will fail.
— Jason Schreier (@jasonschreier) April 28, 2022
Microsoft-Activision Merger
An EU Probe Of The Microsoft-Activision Merger Was Hindered By A Tweet
Ricardo Cardoso, the EC’s Deputy Head of Unit Interinstitutional & Outreach, tweeted last week that the organization is “trying to assure that you will still be able to play Call of Duty on other systems (including my PlayStation).”
Breaking News: Microsoft agreed to buy the video game maker Activision Blizzard for $68.7 billion, its largest takeover ever and a big bet on the metaverse.https://t.co/dDofndd8yW
— The New York Times (@nytimes) January 18, 2022
Many followers and experts in the field misinterpreted his message as his official position for the EC, and chaos ensued. Following TweakTown’s inquiry, the EC has confirmed to us that Cardoso is free to tweet in his personal role and is not involved in the probe into the Microsoft Activision agreement.
The deal to buy Activision Blizzard, the video game maker behind hits like Call of Duty and Candy Crush, plants Microsoft’s flag in the battle for dominance in the metaverse, which melds the traditional online world with virtual and augmented reality.https://t.co/hIizPNQCjG
— The New York Times (@nytimes) January 18, 2022
The statement clarifies that Mr. Cardoso is employed by the Director General for the Internal Market, not the Directorate General for Competition. Mr. Cardoso is not participating in the evaluation of this deal. What’s more, it’s very evident from his profile that he tweets in his own capacity.
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Final Words
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