EU antitrust regulators clear $69 billion Microsoft, Activision deal

EU antitrust regulators on Monday cleared Microsoft Corp’s $69 billion acquisition of Activision, saying remedies offered by the US software giant addressed their concerns.

The European Commission said Microsoft has offered 10-year free licensing deals to European consumers and cloud game streaming services to stream Activision's PC and console games, confirming a Reuters report in March.

“The commitments fully address the competition concerns identified by the Commission and represent a significant improvement for cloud gaming as compared to the current situation,” the EU competition watchdog said in a statement.