Activision Blizzard gains on report Microsoft likely offering EU concessions
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Microsoft (NASDAQ:MSFT) is likely to soon offer the European Union concessions in order to dismiss objections to its $69B deal to acquire Activision Blizzard (NASDAQ:ATVI), Reuters reports.
Activision Blizzard stock (ATVI) bumped up to a new leg Monday following the news, up 1.4%.

Sony (NYSE:SONY) has jumped to a 0.3% gain.
Notably, the key piece of Microsoft's plan would be a 10-year licensing deal with Sony (SONY) - the key critic of the deal, worried that its market-leading PlayStation console might lose access to Activision's annual best-selling Call of Duty game franchise among others, according to the report.
The EU's antitrust enforcer, the European Commission, is facing a January deadline to lay out its statement of objection - a formal list of competition concerns.
Activision Blizzard rose slightly earlier amid multiple upgrades on Wall Street. Meanwhile, Microsoft's deal is reportedly likely to draw an antitrust lawsuit from the Federal Trade Commission.