Microsoft is making plans to complete its $69 billion acquisition of Activision Blizzard — despite the Federal Trade Commission’s December move to block the deal over antitrust concerns, The …
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While approval from the UK’s Competition and Markets Authority is expected this week, Microsoft is hopeful that a final approval from the European Commission will come next month, the source close to the situation said.filed a complaint to stop the deal with an FTC Administrative Law Judge“They are going to cram this down the FTC’s throats,” a source close to the situation said.
That was not seen as a major issue at the time since Microsoft had not received UK or EU approvals. However, Microsoft has made concessions making the UK Competition and Markets Authority more comfortable with the controversial merger. A big concern for regulators has been that Microsoft would keep Activision games only on Microsoft’s “Game Pass” subscription service, hurting competitors who were trying to launch their own cloud gaming services.
“By law the FTC only needs to raise serious, doubtful questions about a merger to get an injunction,” the source said. “But as a practical matter the judge is evaluating the merits of the case.” It “asserts that the Microsoft-Activision transaction would “creat[e] a combined firm with the ability and increased incentive to withhold Activision’s valuable gaming content from, or degrade Activision’s content for, Microsoft’s rivals,” law firm Arnold & Porter which is following the case said in a note to clients. games, and the latest game in the franchise—, released in 2022—generated $1 billion in sales in its first ten days of release.
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