Microsoft's $69 billion Activision bid faces EU antitrust probe

FILE PHOTO: Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

BRUSSELS (Reuters) -Microsoft may have to offer concessions to address EU antitrust concerns about its $69 billion bid for "Call of Duty" maker Activision Blizzard after regulators opened a full-scale investigation on Tuesday and warned about the impact of the deal.

The U.S. software company, which announced the deal in January, is betting Activision's stable of games will help it compete better with leaders Tencent and Sony, with the latter critical of the deal.