FTC says it will appeal to block Microsoft-Activision deal
Publishing timestamp: 2023-07-12 20:27:24
Summary
The Federal Trade Commission (FTC) is appealing a federal judge's decision to deny their request for a preliminary injunction to prevent Microsoft from closing its $68.7 billion acquisition of game publisher Activision Blizzard. The FTC argues that the deal is anticompetitive, while Microsoft claims it will make games more widely available. Activision Blizzard CEO Bobby Kotick expressed doubt that the appellate court would grant a stay. Microsoft is also seeking approval for the deal in the United Kingdom.
Sentiment: MIXED
Keywords: products and services, breaking news: technology, microsoft corp, activision blizzard inc, business news,
Source: https://www.cnbc.com/2023/07/12/ftc-says-it-will-appeal-to-block-microsoft-activision-deal.html