The FTC's Effort to Block Microsoft's Activision Acquisition Will Test Biden's Antitrust Legacy

  • 📰 Gizmodo
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Following months of rumors, the agency voted 3-1 to launch a lawsuit blocking the deal, which the agency says would stifle competition in gaming.

on the FTC’s decision and expressed confidence in the acquisition which he believes would, “expand competition and create more opportunities for gamers and game developers.”

“We have been committed since Day One to addressing competition concerns, including by offering earlier this week proposed concessions to the FTC,” Smith said on Twitter. “While we believe in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present it 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:

 /  🏆 556. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Biden thinks it’s 1975, man’s got new clue about video games

biden couldn't pass a test if he tried.

Singapore Singapore Latest News, Singapore Singapore 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 $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 »

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 »