EU clears Microsoft's $69B acquisition of Activision Blizzard.

EU regulators have approved Microsoft's $68.7 billion acquisition of Activision Blizzard, with the condition that Microsoft offers 10-year licensing deals to competitors for cloud gaming services. The EU found that Microsoft would have no incentive to refuse to distribute Activision's games to Sony, but the acquisition could harm competition around the distribution of PC and console games through cloud gaming services. The UK's Competition and Markets Authority blocked the deal over cloud gaming market concerns, and Microsoft is appealing the decision. The company still faces battles in the US and UK, with an evidentiary hearing scheduled for August 2nd.