FTC Sues Microsoft over Activision Blizzard Merger, Seeks to Stop Acquisition

  • 📰 PasteMagazine
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 55%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The FTC is suing Microsoft over the planned Activision Blizzard merger, stating that the deal will harm competition. A judge will now decide if the $69 billion acquisition goes through.

, the FTC explained it intends to block the merger because the deal “would enable Microsoft to suppress competitors to its Xbox gaming consoles and its rapidly growing subscription content and cloud-gaming business.”

“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. “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.

 

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

 /  🏆 392. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom 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-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-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.
Source: ladailynews - 🏆 332. / 59 Read more »

FTC sues to block Microsoft-Activision Blizzard $69B mergerThe FTC says the merger could suppress competitors to its Xbox game consoles and its growing games subscription business.
Source: PennLive - 🏆 463. / 53 Read more »