Microsoft will fight US over $68.7B Activision Blizzard deal - Terrace Standard

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Microsoft will fight US over $68.7B Activision Blizzard deal

Microsoft on Thursday filed a formal challenge to the FTC lawsuit’s declaring the $68.7 billion deal an illegal acquisition that should be stopped.

At the center of the dispute is Microsoft’s rivalry with PlayStation-maker Sony to secure popular Activision Blizzard franchises like the military shooter game Call of Duty. The deal is also under close scrutiny in the European Union and the United Kingdom, where investigations aren’t due to be completed until next year.

The FTC’s suit describes top-selling franchises like Call of Duty as important because they develop a base of loyal users attached to their preferred console or streaming service. “Even with confidence in our case, we remain committed to creative solutions with regulators that will protect competition, consumers, and workers in the tech sector,” said Microsoft’s president, Brad Smith, in a statement Thursday. “As we’ve learned from our lawsuits in the past, the door never closes on the opportunity to find an agreement that can benefit everyone.”

The timing and trajectory of the case could change depending on how regulators in the U.K. and Europe rule on the merger next year. If Microsoft wins approval in Europe, it could use that to try to expedite the process in U.S. courts.

 

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