Advocates Applaud as FTC Sues to Stop Microsoft-Activision Mega-Merger

  • 📰 commondreams
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

'Today's action is of incredible importance in ensuring fair and open competition in gaming and across the larger digital economy,' says Public_Citizen's Kent_PubCitizen as the FTC sues to block Microsoft's $69 billion acquisition of Activision Blizzard.

The FTC voted, 3-1 to issue the complaint, with all three Democrats—Lina Khan, Alvaro Bedoya, and Rebecca Kelly Slaughter—supporting the move, and Republican Christine S. Wilson voting no...

Sandeep Vaheesan, legal director at the Open Markets Institute, an anti-monopoly group, warned that"if Microsoft acquired Activision, it could use Activision's valuable portfolio of games as a competitive weapon, withholding titles from rival consoles or offering lower quality versions of them, to give its own Xbox and cloud-gaming service a leg-up."

that"today's action is of incredible importance in ensuring fair and open competition in gaming and across the larger digital economy. The FTC is showing, once again, that it is serious about enforcing the law, reversing corporate concentration, and taking on the tough cases."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 530. in BUSİNESS

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.

FTC sues to block Microsoft-Activision Blizzard $69B mergerThe Federal Trade Commission said Thursday it is suing 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. My trans sons use to play call of duty before they transitioned but won't play it anymore because they refuse to be inclusive towards trans people now. So Sony can make games exclusive but Microsoft can’t? If the takeover doesn't work the first time, just unplug it and plug it back in. Usually does the trick.
Source: AP - 🏆 728. / 51 Read more »

FTC sues to block Microsoft-Activision Blizzard $69B mergerThe Federal Trade Commission said Thursday it is suing 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.
Source: KPRC2 - 🏆 80. / 68 Read more »

FTC sues to block Microsoft-Activision Blizzard mergerNEW: The FTC is suing to block Microsoft's $69 billion acquisition of video game developer Activision Blizzard. nice
Source: axios - 🏆 302. / 63 Read more »

FTC Sues to Block $69B Microsoft, Activision MergerThe commission alleged the the proposed deal will enable the tech giant to suppress competitors to Xbox and its game streaming service. haciendomovidas
Source: THR - 🏆 411. / 53 Read more »

FTC sues to block Microsoft-Activision Blizzard $69 billion mergerThe Federal Trade Commission said the merger could suppress competitors to Microsoft’s Xbox game consoles and growing games subscription business.
Source: ladailynews - 🏆 332. / 59 Read more »