November 22, 2024

Taylor Daily Press

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Microsoft crosses swords with regulators in a US court over the acquisition of Activision Blizzard

Microsoft crosses swords with regulators in a US court over the acquisition of Activision Blizzard

The Federal Trade Commission (FTC), the US competition watchdog, objected to the acquisition because it “would allow Microsoft to crack down on competitors”.

In the news: Over the next five days, all parties will present their appeals.

On January 18, 2022, Microsoft announced its intention to acquire Activision Blizzard for $68.7 billion. The US and British competition watchdogs oppose it, and Europe has agreed to it with conditions.

  • Today the parties come to defend their positions. FTC lawyers will try to prove that Microsoft would have an unfair advantage over competitors if the acquisition took place.
  • Microsoft itself disputes that the acquisition is necessary to balance Sony. This company with Play Station The market leader in the gaming hardware market.
  • Microsoft sells the Xbox game console. If Activision Blizzard were to fall under Microsoft, they would own the popular games Call of duty And World of Warcraft For example but not limited to. Organizers fear that popular games will only be played on Microsoft’s platform. Microsoft denies this.
  • according to Fox Business Sony’s competitor will also see. A verdict is not expected until after July 4.

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