By MATT O'BRIEN - AP Technology Writer The Federal Trade Commission on Thursday sued to block Microsoft’s planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft’s Xbox game console and its growing games subscription business.
The FTC said it was filing the complaint through its administrative process rather than taking the case to a federal court. An administrative law judge it set to hear evidence but not until August 2023, according to the complaint. “We continue to believe that this deal will expand competition and create more opportunities for gamers and game developers,” Smith said.
“It’s evident that the company has been making a number of concessions,” he said. “Microsoft would likely raise them in court and say the FTC is being incorrigibly stubborn about this.” FTC's decision to send the complaint to its in-house judge instead of seeking an urgent federal court injunction to halt the merger could drag the case out for months and give more “confidence to authorities outside the U.S. to take a swing at the deal on their own,” said Kovacic, who is now a professor at George Washington University Law School.
Democratic U.S. Sen. Elizabeth Warren tweeted Thursday that she welcomed the FTC action, noting that she had urged Khan to scrutinize the proposed merger.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Federal Trade Commission sues to block Microsoft's $69B takeover of video game company Activision BlizzardThe FTC’s challenge, which is being filed in an administrative court, could be a test case for President Joe Biden’s mandate to scrutinize big tech mergers. FOX13 Why?
مصدر: fox13seattle - 🏆 328. / 59 اقرأ أكثر »
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.
مصدر: ABC7Chicago - 🏆 284. / 63 اقرأ أكثر »
FTC sues to block Microsoft's Activision Blizzard merger | EngadgetThe lawsuit is a major roadblock for Microsoft's panned takeover of Activision Blizzard. They will be crushed in court, there is no legal basis for that.
مصدر: engadget - 🏆 276. / 63 اقرأ أكثر »
FTC sues to block Microsoft-Activision Blizzard $69 billion mergerThe Federal Trade Commission said the merger could suppress competitors to Microsoft’s Xbox game consoles and growing games subscription business.
مصدر: ladailynews - 🏆 332. / 59 اقرأ أكثر »
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. Wow, glad the feds a going to protect us from 'Big video game'
مصدر: abc7newsbayarea - 🏆 529. / 51 اقرأ أكثر »
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.
مصدر: AP - 🏆 728. / 51 اقرأ أكثر »