US Trade Commission to block Microsoft billionaire buyout of Blizzard; understand

Update (08/12/2022) – Provided by LR

The Federal Trade Commission (FTC) has launched a lawsuit against Microsoft over allegations that its US$68.7 billion acquisition of Activision Blizzard could create a monopoly in the gaming industry. Console type.

In a statement to the media this Thursday (8) afternoon, The FTC explained that the decision takes into account Redmond’s history of buying studios to suppress competition from competing video games.🇧🇷 In the text, the regulatory body mentions the purchase of ZeniMax, which is affiliated with Bethesda Softworks, which makes several titles exclusive to Xbox.

“Today, we seek to prevent Microsoft from taking control of a leading independent game studio and undermining competition in several dynamic and fast-growing gaming markets,” said Holly Vedova, director of the FTC’s Bureau of Competition.

The United States Federal Trade Commission must initiate an antitrust case to prevent it Activision Blizzard was acquired by MicrosoftAccording to a new article.

According to Politico newspaper’s sources, member Lina Khan is seeking to regulate the power of one of the world’s largest technology companies.

The report cites the case as nothing conclusive, but many at the Federal Trade Commission are skeptical of Microsoft’s arguments. So far, neither the company nor the company has commented.

If the Federal Trade Commission decides to block the deal, it will be a major blow to Microsoft. Approval by the UK Competition and Markets AuthorityIt is not favorable to the process and is concerned about the consequences of the takeover.

As we expand the joy and community of gaming for everyone, we’re incredibly excited to welcome iconic owners to Activision Blizzard’s amazing teams and Team Xbox. https://t.co/DVrgYS8ssB

— Bill Spencer (@XboxP3) January 18, 2022

An antitrust case would prompt Microsoft to go to US courts to get the deal approved. The Federal Trade Commission is expected to issue its response to the acquisition by the end of this month.

The European Commission has launched a new investigation To inquire about Activision’s acquisition of Blizzard. If Microsoft keeps control of franchises like Call of Duty, the company hopes it can use that power to hurt competitors.

So far, only the agreement has been ratified Saudi Arabia and by CADE in Brazil🇧🇷 Judgment of other bodies is expected to be released by March 2023.