ftc-hearings-could-delay-microsoft’s-buyout-of-activision-blizzard Rock,Paper,Shotgun

FTC hearings could delay Microsoft’s buyout of Activision Blizzard

Microsoft were hoping to complete their takeover of Activision Blizzard by the end of their financial year in June. That’s looking less likely now that the US Federal Trade Commission have published a schedule that sets dates for final hearings to decide on the merger, and they’re going to begin on August 2nd. As this is just the kick off for hearings about the case, it’s likely that any FTC decision on whether the $68.7 billion (£56 billion) deal can go ahead will take some time to emerge. Read more

ftc-seeks-to-block-microsoft-from-acquiring-activision-blizzard-alleging-it-will-suppress-competition VG247

FTC seeks to block Microsoft from acquiring Activision Blizzard alleging it will suppress competition

It believes the acquisition would give Microsoft the “means and motive to harm competition.” The Federal Trade Commission (FTC) is seeking to block Microsoft from acquiring Activision Blizzard. An independent agency of the US government, the FTC alleges the $69 billion deal would enable Microsoft to suppress competitors to its Xbox gaming consoles. Call of Duty: Modern Warfare 2 – PC Trailer In a complaint issued December 8, the FTC pointed to Microsoft’s “record of acquiring and using valuable gaming content to suppress competition from rival consoles.” The agency specifically called out Microsoft’s acquisition of ZeniMax, Bethesda’s parent company, and…