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5 months ago

FTC To Review Microsoft’s $68.7B Deal To Buy Activision Blizzard

Wibbitz Top Stories
Wibbitz Top Stories
FTC To Review Microsoft’s $68.7B Deal , To Buy Activision Blizzard.
FTC To Review Microsoft’s $68.7B Deal , To Buy Activision Blizzard.
In January, Microsoft announced the all-cash deal that would make it the third-largest video game maker in the world.
In January, Microsoft announced the all-cash deal that would make it the third-largest video game maker in the world.
The agreement would also put the company
in charge of popular franchises such as
'Call of Duty' and 'World of Warcraft.'.
The agreement would also put the company
in charge of popular franchises such as
'Call of Duty' and 'World of Warcraft.'.
CNET reports the deal is expected to close
within the next year and a half.
But on Jan. 31, 'Bloomberg' reported that the
U.S. Federal Trade Commission (FTC) will perform
an antitrust review of the impending acquisition.
The agency will reportedly seek to determine whether Xbox-maker Microsoft's purchase of Activision Blizzard would hurt competition by inhibiting rivals' access to games.
The agency will reportedly seek to determine whether Xbox-maker Microsoft's purchase of Activision Blizzard would hurt competition by inhibiting rivals' access to games.
CNET reports that in January, the antitrust divisions of the FTC and DOJ announced they would restructure guidance for mergers.
CNET reports that in January, the antitrust divisions of the FTC and DOJ announced they would restructure guidance for mergers.
FTC Chair Lina Khan also suggested antitrust violations may affect workers and other businesses, saying, .
"Illegal mergers can inflict a host of harms, from higher prices and lower wages to diminished opportunity, reduced innovation and less resiliency."

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