11:35 a.m. ET -- Activision Blizzard is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The European Union's antitrust watchdog approved Microsoft's planned $75 billion acquisition of Activision Blizzard, giving the two companies a win after the deal hit a regulatory roadblock in the U.K. The decision comes weeks after the U.K. regulator rejected the agreement, saying it would crimp competition in the country's gaming market. Microsoft has said it would appeal that decision. Monday's approval in Brussels won't have any direct legal bearing on that process, and antitrust lawyers say Microsoft faces long odds in overturning the British decision. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)

(END) Dow Jones Newswires

May 15, 2023 11:51 ET (15:51 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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