The decision in FTC v. Microsoft is historic for the video game industry, but for those who don't have a law degree, it can be hard to understand.
Read update Summary SCREENRANT VIDEO OF THE DAY SCROLL TO CONTINUE WITH CONTENT The decision in Microsoft's legal case against the US Federal Trade Commission is a historic one, but for those who don't have a law degree, it can be hard to understand. The case surrounds the Microsoft Corporation's attempt to purchase the game developing and publishing powerhouse Activision Blizzard, Inc.
With the FTC roadblock seemingly out of the way, there was still another big problem, as Microsoft still had a similar case from the United Kingdom's Competition and Markets Authority . As one of the first regulatory bodies to raise concerns about the acquisition, concessions had to be made to complete the deal.
The Activision Blizzard deal enormously increases Microsoft's standing in the video game market, making Microsoft the third-largest video game company by total revenue worldwide. That puts it directly behind Sony, the company behind Microsoft's biggest rival in the home console market: the PlayStation. The FTC began reviewing Microsoft's attempt to buy Activision in January 2022, under FTC chair Lina Khan, and filed a court case to prevent it in December of that year.
What The Result Means For The Future Of Microsoft, Sony, & Third-Party Games Even though the Microsoft-Activision Blizzard deal has official US government approval, that doesn't mean all Activision Blizzard games will disappear from the PlayStation Store tomorrow.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft Completes $69 Billion Acquisition of Activision Blizzard Amid Regulatory HurdlesXbox Game Studios is now the parent company of Activision Blizzard
Read more »
Call of Duty Adds Lillith From Diablo 4 as New OperatorActivision and Blizzard have crossed over with the latest Call of Duty Operator.
Read more »
Lululemon stock leaps as shares are tapped to replace Activision in the S&P 500Lululemon, which is now worth around $50 billion, will replace Activision Blizzard in the S&P 500 following the latter's takeover by Microsoft.
Read more »
The Secret Deal That Put a Real Rifle Into ‘Call of Duty’Remington signed product-placement deal with Activision to reach young gamers, newly released documents show
Read more »
Lululemon Shares Jump Ahead of Its Move to the S&P 500The active giant, which is now bigger than Target on the stock market, is replacing Activision Blizzard Inc. in the high-profile stock index.
Read more »
Microsoft closes the deal; Arm has Wall Street salivating: Weekly tech roundupMicrosoft closes the deal; Arm has Wall Street salivating: Weekly tech roundup
Read more »