Microsoft’s $69 billion acquisition of video game publisher Activision Blizzard is in limbo after the Federal Trade Commission sued to block the deal Thursday. The lawsuit—one of the FTC’s biggest efforts to rein in the tech industry in light of promised antitrust enforcement—argues the merger would allow Microsoft to suppress gaming competitors. Microsoft President Brad Smith said the company is confident they’ll prevail in court.
“While we believed in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present our case in court,” Smith said. The FTC has argued that keeping the companies separate will be better for competition and creative development.
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