The Federal Trade Commission will seek to block Microsoft's $69 billion acquisition of video game developer Activision Blizzard, the agency: If the FTC is successful, it will be a major blow to the biggest attempted deal in gaming history. And the suit itself is another clear signal from the agency that any big tech company looking to buy a smaller one should be wary.
It's a major setback for Microsoft, after a full-court press tour which sought to warm regulators to the deal, including an"Microsoft has already shown that it can and will withhold content from its gaming rivals," said Holly Vedova, director of the FTC’s bureau of competition, in a statement. "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.
"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."
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:
nice
Nigeria Nigeria Latest News, Nigeria Nigeria 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’s $69 Billion Activision Blizzard AcquisitionThe FTC is seeking to block Microsoft from acquiring Activision Blizzard, maker of video-game franchises including “Call of Duty,” “Overwatch” and “World of Warcraft,&…
Source: Variety - 🏆 108. / 63 Read more »
FTC sues to block Microsoft's $69 billion acquisition of game giant Activision BlizzardThe acquisition would 'enable Microsoft to suppress competitors,' the suit alleges That is probably good for Microsoft since they were going to overpay big time for it. Long term it would have been good for the company though.
Source: MarketWatch - 🏆 3. / 97 Read more »
FTC sues to block Microsoft's $69 billion acquisition of Activision Blizzard | CNN BusinessThe Federal Trade Commission on Thursday sued to block Microsoft's $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history. Get instant bonus 🙏 Final race. Final push. Let’s 🚀 AkbaGhafari was arrested in Tehran, Fallah district, and his crime is harboring several protesters. IR wrote for him: 'I killed a person, I am glad that I killed!' And Akbar signed that because he was illiterate and under the pressure of torture! MahsaAmini UN CNN N victorhg
Source: CNN - 🏆 4. / 95 Read more »