Nearly one month after EU regulators approved Microsoft’s $69 billion bid to acquire “Call of Duty” maker Activision Blizzard, the FTC is expected to halt the deal with a prelimin…
The Federal Trade Commission is expected to block Microsoft’s $69 billion acquisition of video gaming giant Activision Blizzard with a preliminary injunction.
The federal regulator has two closed-door meetings scheduled on Monday to discuss the move, according to the report, which was cited earlier Monday byAn injunction would halt the deal, which has a July 18 termination deadline. Until then, either party can walk away, extend or renegotiate the terms of the sale, the outlet reported., citing antitrust concerns and stifled competition across the video-game sector if the $95-per-share deal completed.
It also signed a deal with Nintendo, which presently does not have access to “Call of Duty,” though it wasn’t enough to get the CMA to OK the merger.European Union regulators approved Microsoft’s $69 billion bid to acquire Activision Blizzard last month The modified agreement also ensures that Microsoft will bring all Activision games — “current and future” — to any cloud game streaming service, the European Commission — EU’s executive arm — “Ultimately, the commitments will unlock significant benefits for competition and consumers, by bringing Activision’s games to new platforms, including smaller EU players, and to more devices than before,” the commission said.
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