Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

FTC plans to sue to block Microsoft’s $69 billion deal for Activision

Stock Markets Dec 08, 2022 02:30PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.
 
MSFT
+2.88%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ATVI
+0.27%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

By Yasin Ebrahim

Investing.com -- The Federal Trade Commission said Thursday that it was planning to sue to block Microsoft’s $69 billion acquisition of video game maker Activision Blizzard, citing anti-competition concerns.

Microsoft Corporation (NASDAQ:MSFT) was up 1%, while Activision Blizzard (NASDAQ:ATVI) dropped more than 2%.

“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,” the FTC said in a statement.

The FTC alleged that the acquisition would enable Microsoft to “suppress competitors to its Xbox gaming consoles and its rapidly growing subscription content and cloud-gaming business.”

Activision creates well-known video games including Call of DutyWorld of WarcraftDiablo, and Overwatch for multiple devices, but the FTC believes that Microsoft may move to make the video game maker’s top titles Microsoft exclusives.

The trade watchdog pointed to Microsoft’s previous history of acquiring gaming content to stop competition from rival consoles including its acquisition of ZeniMax, parent company of game developer Bethesda Softworks.

Following the acquisition of ZeniMax, Microsoft made several of Bethesda’s titles including Starfield and Redfall exclusively for Microsoft despite assuring European antitrust authorities that it had no incentive to withhold games from rival consoles.

FTC plans to sue to block Microsoft’s $69 billion deal for Activision
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Vinod Dhawle
Vinod Dhawle Dec 08, 2022 2:53PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
it seems like a game of stake holders. panic attack in room
Christopher Russo
Christopher Russo Dec 08, 2022 2:43PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
First off activision didnt create world of warcraft, or diablo or any of those other games besides Call of Duty.. they just bought out blizzard. Stop spewing incorrect information.
Eric Dixon
Eric Dixon Dec 08, 2022 2:38PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
....not really the best priority review and block by the FTC.
Benjamin USA
Benjamin USA Dec 08, 2022 2:38PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Microsoft would help activision fix its problems, and the game market is massive with many small players. This is a silly maneuvre
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email