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 consoles and its growing games subscription business.
Microsoft's president, Brad Smith, signaled in a statement Thursday that the company is likely to challenge the FTC's decision. Microsoft announced the merger deal in January but has faced months of resistance from Sony, which makes the competing PlayStation console and has raised concerns with antitrust watchdogs around the world about losing access to popular Activision Blizzard game franchises such as Call of Duty.
Microsoft announced its latest promise Wednesday, saying it would make Call of Duty available on Nintendo devices for 10 years should its acquisition go through. It has said it tried to offer the same commitment to Sony. "The allegation that this deal is anti-competitive doesn't align with the facts, and we believe we'll win this challenge," Kotick wrote."We believe these arguments will win despite a regulatory environment focused on ideology and misconceptions about the tech industry," he said.
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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.
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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.
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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
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FTC Sues to Block $69B Microsoft, Activision MergerThe commission alleged the the proposed deal will enable the tech giant to suppress competitors to Xbox and its game streaming service. haciendomovidas
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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.
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