FTC moves to block Microsoft's acquisition of Activision Blizzard

The FTC has announced its intent to move to block Microsoft's attempt to acquire Activision Blizzard, stating that"Microsoft has already shown that it can and will withhold content from its gaming rivals.”confirms that the Commission will be intervening in an attempt to prevent Microsoft from acquiring Activision Blizzard.

Holly Vedova, director of the FTC’s Bureau of Competition adds that Microsoft"has already shown that it can and will withhold content from its gaming rivals" with those titles. “Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets.

That’s shameful, it should be up to the parties involved.

Ireland Ireland Latest News, Ireland Ireland Headlines

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

FTC Seeks to Block Microsoft Corp.’s Acquisition of Activision Blizzard, Inc.The Federal Trade Commission is seeking to block technology giant Microsoft Corp. from acquiring leading video game developer Activision Blizzard, Inc. So Microsoft offers deal to Nintendo and Sony, but according to the FTC this would suppress competitors Meanwhile, Sony has exclusives, upon exclusives 😕
Source: TheRegister - 🏆 67. / 61 Read more »

Confirmed: The FTC is suing to block Microsoft’s acquisition of Activision Blizzard | VGCBreaking: The FTC is suing Microsoft in an attempt to block its acquisition of Activision Blizzard, it's been reported. Good hope they win This is music to my ears. Really hope this is blocked 🙏🏾 Get ready for the great future of Activision if it gets blocked... More Diablo immortals and overpriced Skins and gun colors for everyone! Hope you like microtransactions because that's Activison's future. There was a reason they wanted to sell...
Source: VGC_News - 🏆 125. / 51 Read more »

FTC suing to block Microsoft's $69bn Activision Blizzard acquisitionThe United States government's Federal Trade Commission is suing to block Microsoft's $69bn USD acquisition of Activisi… ftc lawyers vs microsoft lawyers lmaoo 💀 Si esta compra no se llega a realizar, toda la furia de Microsoft caerá sobre Sony FTC is protecting Sony and not consumers. Lol
Source: eurogamer - 🏆 68. / 61 Read more »

FTC sues to block Microsoft’s $75bn acquisition of Activision Blizzard\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t Very good FTC The FTC is about to lose. $1.8T MSFT with its teams of Harvard Law Grads against Univ of Phoenix FTC Law Grads. Good Luck Uncle Sam 🤣😂🤣😂
Source: FT - 🏆 113. / 51 Read more »