Finance

10-year agreement with Microsoft from Nware

Microsoft President Brad Smith shared the deal on his Twitter account.

In the statement shared by Smith, it was reported that Microsoft and the European cloud gaming platform Nware have signed a 10-year agreement to publish Xbox-developed PC games on the platform, as well as Activision Blizzard games, following the completion of their acquisitions.

“While it’s still early for the emerging cloud segment in gaming, this new partnership combined with our other recent commitments will make more popular games available on more cloud game streaming services than they are today,” the statement said. expression was used.

It is noteworthy that the agreement in question came a few days after the UK Competition and Markets Authority (CMA) blocked Microsoft’s acquisition of computer game company Activision Blizzard.

On April 26, the CMA decided to block the agreement between Microsoft and Activision Blizzard due to concerns that it would change the future of the cloud gaming market.

In the statement made by the institution, it was stated that the final decision of the CMA was taken after Microsoft failed to provide adequate solutions to address these concerns.

Microsoft President Brad Smith, on the other hand, stated that the UK’s prevention of the company’s acquisition of the game company Activision Blizzard was a distrust-shattering decision, and said the European Union (EU) was a more attractive place to do business.

Microsoft announced its plan to acquire Activision Blizzard for approximately $69 billion in January 2022. The CMA started a review of the deal in September 2022.

The US game company Activision is the developer and distributor of world-famous games such as Call of Duty, Candy Crush and World of Warcraft.

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