Microsoft (NASDAQ:MSFT) has been battling regulators to convince them to allow its acquisition of Activision (NASDAQ:ATVI) to go through. It seems that this effort is starting to pay off as the European Commission is expected to approve it next week, according to Reuters.
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The European Commission appears to have been swayed by Microsoft’s offers to license video games to its competitors. However, the company has yet to convince UK regulators, who are concerned about cloud gaming. Indeed, it recently blocked the merger.
Nevertheless, despite the drama surrounding the deal, Wall Street maintains a Strong Buy consensus rating on MSFT stock based on 29 Buys, four Holds, and one Sell assigned in the past three months.
