The U.S. Federal Trade Commission will seek a court order to block Microsoft Corp's acquisition of Activision Blizzard , a source familiar with a planned court filing said on Monday.
Microsoft's bid to acquire the "Call of Duty" videogame maker in a $69 billion dealShares in Microsoft rose 0.8% Monday, while Activision fell 0.5%.
"We welcome the opportunity to present our case in federal court," said Microsoft president Brad Smith in a statement. Activision did not comment. The case reflects the muscular approach to antitrust enforcement taken by the administration of U.S. President Joe Biden.
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