U.S. Regulator Sues Microsoft to Block Activision Acquisition

The Federal Trade Commission Thursday sued Microsoft Corp. to block itsof Activision Blizzard Inc., taking one of its biggest shots under the Biden administration at halting a merger of technology giants.

The lawsuit sets the stage for a court challenge over the deal as Microsoft agreed as part of negotiations with Activision to defend the acquisition against a government lawsuit.

These monopolies need to be stopped. They only benefit the shareholders, and give too much power to owners. They also hamper competition. These monopolies do not benefit the average customer.

Checkmate.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft to bring 'Call of Duty' to Nintendo if Activision merger approvedMicrosoft Corp. said late Tuesday it has made a '10-year commitment' to bring the massively popular 'Call of Duty' videogame series to Nintendo Co. consoles,...
Source: MarketWatch - 🏆 3. / 97 Read more »

Microsoft’s ‘Call of Duty’ to be on Nintendo consoles for 10 years if Activision acquisition clearsMicrosoft has struck a deal with video game competitor Nintendo to allow the “Call of Duty” first-person shooting games on its consoles for a decade, executives announced Tuesday night.
Source: WashTimes - 🏆 235. / 63 Read more »