Activision Blizzard Inc. (ATVI) shares declined in after-hours trading Wednesday following a report that the Federal Trade Commission was likely to file an antitrust lawsuit to block the videogame publisher’s acquisition by Microsoft Corp. (MSFT) Politico reported late Wednesday that FTC staff are skeptical of arguments by the companies that the $69 billion acquisition would not give Microsoft an unfair benefit in the videogame market, though commissioners have not yet voted on a lawsuit. Microsoft makes the Xbox videogame console, creating concerns that it would make some of Activision’s most popular games — such as the “Call of Duty” franchise — exclusive to its platform, shutting out rival Sony Group Corp.’s (JP:6758) Playstation. Read More...
Benzinga
Audi Halts Twitter Activities: Report
German luxury carmaker, Audi, owned by Volkswagen AG (OTC: VWAGY), has paused its Twitter activities until further notice, Reuters reported. The company, which puts out a tweet daily, has not tweeted anything since November 1. The move comes after Volkswagen had recommended its brands, including Seat, Cupra, Lamborghini, Bentley, and Ducati, pause paid advertising on Twitter after Elon Musk’s takeover. Related: Elon Musk Takes Over Twitter: Who’s In Charge, Who’s Gone And What Happens To The Sto
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