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European consumer watchdogs opened an investigation into nine gaming companies, including King, Mojang, Ubisoft, Riot Games and Supercell, over in-game purchases and virtual currencies. Regulators will examine hidden costs, transparency, 14-day cancellation rights and safeguards for children after talks with industry groups failed to improve transparency. Microsoft-owned Activision Blizzard faces a separate probe into Diablo Immortal and Call of Duty.
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