activision deal – pressnews

[ad_1] The U.S. Federal Trade Commission on Thursday asked an appeals court to temporarily stop Microsoft's $69 billion acquisition of video game maker Activision Blizzard, hours after a federal judge rejected a similar request.The deal is facing varying responses around the world from regulators. WHAT IS THE ACTIVISION DEAL?Microsoft announced the Activision bid in January last year to boost its firepower in the booming videogaming market, take on leaders Tencent and Sony, and lay the base for its investment in metaverse and digital spaces which are made more lifelike by the use of virtual reality (VR) or augmented reality (AR). To quell antitrust concerns Microsoft, which owns Xbox, in February said it is ready to offer rivals licensing deals but it would not to sell Activision's lucr...

[ad_1] The US Federal Trade Commission filed its lawsuit to block Microsoft Corp.’s $69 billion takeover of gaming company Activision Blizzard Inc. in December. The US Federal Trade Commission filed its lawsuit to block Microsoft Corp.'s $69 billion takeover of gaming company Activision Blizzard Inc. in December partly to get ahead of its European counterparts and dissuade them from accepting a settlement allowing the deal, according to people familiar with the investigations. The FTC filed a complaint challenging the merger on Dec. 8, hours after a call between US and European Union officials about their respective probes, said one of the people, who asked not to be identified because the discussions were confidential. The EU officials indicated on the call they intended to begin ...

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