FTC: Microsoft-Activision Blizzard deal should remain blocked for now

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Microsoft finds itself in yet another legal hurdle as the US Federal Trade Commission (FTC) has appealed for an injunction to temporarily block its $68.7 billion acquisition of Activision Blizzard. The FTC appealed the decision to block the proposed Microsoft-Activision merger in federal court citing potential harm to competition in the console, cloud gaming and gaming subscription sectors. The FTC’s in-house court needs more time to assess the situation and rule whether the merger would be detrimental to consumers. This is not the first instance of regulators being hesitant to give...

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Microsoft finds itself in yet another legal hurdle as the US Federal Trade Commission (FTC) has appealed for an injunction to temporarily block its $68.7 billion acquisition of Activision Blizzard. The FTC appealed the decision to block the proposed Microsoft-Activision merger in federal court citing potential harm to competition in the console, cloud gaming and gaming subscription sectors. The FTC’s in-house court needs more time to assess the situation and rule whether the merger would be detrimental to consumers. This is not the first instance of regulators being hesitant to give...

https://ift.tt/z2cCJGZ June 23, 2023 at 03:00PM GSMArena.com - Latest articles https://ift.tt/QdP0vN1