Thndr Claps » U.S. Claps » Tech 📲 » FTC sues over Microsoft-Activision merger ❌
The ClapThe Federal Trade Commission (FTC) sued in order to block Microsoft’s (NASDAQ:MSFT) $69 billion Activision Blizzard (NASDAQ:ATVI) acquisition.
WhatThe FTC feels that the deal would put Microsoft in a position to harm competition, by negatively affecting game prices and quality.
So WhatIf the deal is to go through, Microsoft would become the third biggest game publisher in the world.
The anti-competitive allegation from the FTC poses one of the biggest challenges facing the merger deal.
Now WhatDespite the allegations from the FTC, both Microsoft and Activision remain confident that the deal will go through.
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