The US Federal Trade Commission (FTC) has filed an injunction to block Microsoft’s agreement to acquire Acvitision Blizzard. If the application is accepted, the $68 billion deal will not be completed for a while.
One of the most talked about issues in the video game world lately is undoubtedly Microsoft’s Call of Duty series developer Activision Blizzard is trying to buy. Agreement worth more than $68 billionUpon completion, it will be the highest-priced purchase in history. As such, both legislators and giant companies in the video game world such as Sony to prevent the deal they are doing their best. So much so that this deal is believed to eventually monopolize Microsoft.
Now, there has been a new development in the issue, which could never be resolved. The U.S. Federal Trade Commission (FTC), which allows Microsoft to prevent it from acquiring Activision Blizzard interim injunction announced that he had made an official request to If the court accepts the decision, the chances of Microsoft and Activision to complete the agreement will be reduced to zero. At least temporarily…
FTC also thinks Microsoft will monopolize
The FTC has filed for injunctive relief with this purchase. that competition in the market will deteriorate underlined. It was stated that it was necessary to prevent the purchase agreement precisely because of this. Commenting on the subject, senior Microsoft executive Brad Smith said, “We welcome the opportunity to present our case in federal court.” he said.
It is clear that this case will not end easily. European Unionof, South Koreaof and Chineseapproved by EnglandThe issue, which the US says cannot be done, and which the USA is still examining, has been going on for a longer period of time. will remain on the agenda looks like…
Source :
https://techcrunch.com/2023/06/12/ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal/