The Federal Trade Commission sued to block Microsoft’s planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business.
around the world about losing access to popular Activision Blizzard game franchises such as the military shooter game Call of Duty.
“It’s evident that the company has been making a number of concessions,” he said. “Microsoft would likely raise them in court and say the FTC is being incorrigibly stubborn about this.”Call of Duty available on Nintendo The deal is also under close scrutiny in the European Union and the United Kingdom, where investigations aren’t due to be completed until next year.
“The allegation that this deal is anti-competitive doesn’t align with the facts, and we believe we’ll win this challenge,” Kotick wrote."We believe these arguments will win despite a regulatory environment focused on ideology and misconceptions about the tech industry,” he said.
Both the Justice Department and the FTC this year have looked at strengthening merger guidelines to better detect and prevent illegal and anticompetitive deals.to block Facebook parent Meta’s acquisition of a virtual-reality company Thursday in a San Jose, California, courtroom.
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