The European Union is reportedly looking to object to Microsoft's proposed acquisition of Activision Blizzard.

That's according to Reuters, which reports that the European Commission is in the process of preparing an objection statement that will be sent to the Xbox giant within weeks.

"We're continuing to work with the European Commission to address any marketplace concerns," Microsoft said.

"Our goal is to bring more games to more people, and this deal will further that goal."

The European Commission declined to comment.

If this report is true, then the EU will be the second region to formally object to Microsoft's $68.7 billion acquisition of Activision Blizzard.

In the United States, the Federal Trade Commission is suing to block the deal, while in the UK the Competition and Markets Authority is holding a long and detailed investigation into the matter. We should hear the outcome of that deep dive in the coming months.