Activision Blizzard fell after the Federal Trade Commission said it filed a lawsuit to block Microsoft's $69 billion takeover of the company. Read More...
Reuters
U.S. seeks to stop Microsoft’s $69 billion bid for games maker Activision
The Biden administration filed a complaint on Thursday aimed at blocking tech giant Microsoft’s $69 billion bid to buy “Call of Duty” games maker Activision, over concerns the deal would deny rivals access to popular games. Microsoft, which owns the Xbox, said in January 2022 that it would buy Activision for $68.7 billion in the biggest gaming industry deal in history. In its complaint, the U.S. Federal Trade Commission, which enforces antitrust law, said that Microsoft had a record of buying valuable gaming content and using it to suppress competition from rival consoles.
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