Things are looking bleak for Microsoft's planned acquisition of Activision Blizzard. The $68.7 billion deal is likely to be opposed by the European Commission.
Reports indicate that the landmark deal involving one of the biggest game developers in the industry will be facing a major setback. According to Reuters, the European Commission is set to issue a "statement of objections" stating its concerns about the massive deal. The charge sheet will be sent to Microsoft in the coming weeks.
Microsoft made a statement regarding the EU Commission's objection to the deal. The tech giant may be offering concessions for the deal to push through.
"We're continuing to work with the European Commission to address any marketplace concerns," the statements said. "Our goal is to bring more games to more people, and this deal will further that goal."
