Activision Blizzard fell 1.5% after the Federal Trade Commission said it is suing to block Microsoft's planned $69 billion takeover of the video game company.
On Thursday, the U.S. reported slightly more Americans filed for jobless claims last week, but not as many as economists had forecast. The labor market remains one of the strongest pockets of the economy, which has been stifled under the weight of stubbornly hot inflation and rising interest rates.
The Fed will meet next week and is expected to raise its benchmark interest rate by a half-percentage point. Activision Blizzard lost 1.5% after the Federal Trade Commission said it is suing to block Microsoft's planned $69 billion takeover of the video game company, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business. Microsoft rose 1.2%.
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Federal Trade Commission sues to block Microsoft's $69B takeover of video game company Activision BlizzardThe FTC’s challenge, which is being filed in an administrative court, could be a test case for President Joe Biden’s mandate to scrutinize big tech mergers. FOX13
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The FTC is suing Microsoft to block its Activision Blizzard purchaseIt’s a big challenge to Microsoft’s planned acquisition.
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FTC sues to block Microsoft-Activision Blizzard $69B mergerThe Federal Trade Commission on Thursday sued to block Microsoft’s planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft’s Xbox game console and its growing games subscription business.
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FTC sues to block Microsoft-Activision Blizzard $69B mergerThe Federal Trade Commission on Thursday 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
Read more »
FTC sues to block Microsoft-Activision Blizzard $69B mergerThe Federal Trade Commission on Thursday 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.
Read more »