Microsoft’s $69 Billion Deal Set for EU Nod After UK Veto (1)

Microsoft Corp.’s $69 billion takeover of Activision Blizzard Inc. is set to be approved by the European Commission, just weeks after Britain’s merger regulator delivered a potentially fatal veto of the gaming industry’s biggest ever deal.

The European Union’s antitrust arm is expected to give its blessing to the deal as soon as next week after accepting Microsoft’s proposals to permit rivals to offer titles such as Call of Duty on their cloud gaming platforms, according to two people familiar with the matter who asked not to be named because the decision isn’t public.

The EU decision ...