Microsoft Stock (NASDAQ:MSFT)
According to reports, Microsoft (NASDAQ:MSFT), which is in the process of purchasing Activision for $69 billion, did not provide any potential solutions during Europe’s antitrust examination of the transaction. As a result, Microsoft stock declined in the market.
According to traders, who cited an MLex report that was circulating earlier Monday, Microsoft did not offer any remedies before the deadline for the company to do so for the European Commission’s review of the deal, which was last Friday. The deadline was for the company to do so for the European Commission’s review of the deal. Additionally, the news was reported by Reuters.
After Microsoft filed its planned purchase of the video game maker late last month, the European Commission (EC) set a provisional deadline of next Tuesday for it to decide on the transaction. After the provisional deadline passes, the EC is expected to open a four-month investigation into the transaction.
In an article published earlier this month by Reuters, the European Commission was stated to be questioning game makers whether or not Microsoft would have the incentive to prevent competitors’ access to games published by Activision.
Late in March, the Federal Trade Commission requested further information about the planned ATVI/MSFT agreement, initiating a comprehensive antitrust assessment of the transaction.
Microsoft fires back at Sony in reaction to the investigation conducted by Activision in the UK.
Featured Image- Pixabay @ ClearCutLtd
Author Shariq Khan 
