202328 Sep

FTC vows to keep trying to block Microsofts controversial acquisition of Activision


• Microsofts $69 billion acquisition of Activision Blizzard King has undergone regulatory scrutiny from the EU, UK, and US market authorities. The FTC has announced that it will continue its administrative case against Microsoft to stop the software company from closing its $69 billion acquisition of Activision Blizzard King. Microsoft announced its intention to purchase the publisher behind AAA blockbuster games Call of Duty, Diablo, and Overwatch, as well as the mobile powerhouse Candy Crush in January 2022. The CMA has recently issued provisional approval of the acquisition due to Microsofts announcement that it would partially divest its cloud streaming rights to Activisions content catalog. Microsoft and Activision can continue to close the acquisition despite the FTCs efforts, provided an emergency injunction is not issued by the court prior to October 18.

Source: Windowscentral