Microsoft Corporation (NASDAQ: MSFT) just promised to bring its Xbox PC games to Nvidia Corporation’s (NASDAQ: NVDA) cloud gaming service. Shares ended more than 2.0% down on Tuesday.
What’s in it for Microsoft?
Effective immediately, the tech behemoth will make its Xbox games available on GeForce Now.
The 10-year deal satisfied concerns Nvidia previously had about Microsoft’s pending acquisition of Activision Blizzard. In a press release, Jeff Fisher – its senior vice president for GeForce said:
Combining the rich catalogue of Xbox first party games with GeForce Now’s high-performance streaming capabilities will propel cloud gaming into a mainstream offering that appeals to gamers at all levels of interest and experience.
So, the gaming chips manufacturer is now on board with that $69 billion acquisition. Nvidia shares also closed over 2.0% down today.
What else is Microsoft offering?
Also on Tuesday, Microsoft said it’ll bring the Activision Blizzard titles to GeForce Now as well if it succeeds in closing that transaction. According to its Vice Chairman and President – Brad Smith:
Now we’re addressing the full range of issues that have been raised by regulators as topics of not just interest but in some cases concern.
Earlier this month, the Competition and Markets Authority of the United Kingdom announced its provisional decision on the Microsoft-Activision merger (read more).
Late last year, Microsoft agreed to make Call of Duty available on Nintendo for ten years in a bid to improve its chances of winning regulatory approval for the said deal. It’s so far failed to sign such an agreement with Sony, though.
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