The Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion bid to buy video game publisher Activision Blizzard, alleging that the deal will enable the tech giant to suppress competition in gaming.
The move represents another aggressive step taken by competition regulators to rein in consolidation of the tech industry. It marks a roadblock in Microsoft’s plans to expand its gaming arm. The deal, if approved, would’ve married Microsoft, which owns the Xbox console and a game streaming service, and Activision, maker ofThe FTC said that the proposed transaction would enable Microsoft to stifle competition to Xbox and its “rapidly growing” game streaming service.
The commission voted along party lines to challenge the acquisition, the largest ever in the video game industry, with three Democrats voting in favor of suing and one Republican against.
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:
haciendomovidas
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’s $69B Activision acquisitionThe Federal Trade Commission has sued to block Microsoft’s $69 billion deal to buy Activision Blizzard, claiming that the mega-deal would stifle competition in the lucrative video-game indust…
Source: nypost - 🏆 91. / 67 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. 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 Microsoft's $69 billion takeover of video game company Activision BlizzardThe FTC sues to block Microsoft's $69 billion takeover of video game company Activision Blizzard, challenging the biggest video game acquisition.
Source: 6abc - 🏆 250. / 63 Read more »
FTC sues to block Microsoft's $69 billion takeover of video game company Activision BlizzardThe FTC sues to block Microsoft's $69 billion takeover of video game company Activision Blizzard, challenging the biggest video game acquisition.
Source: ABC7Chicago - 🏆 284. / 63 Read more »