Home Technology FTC likely to file lawsuit to block Microsoft’s $69 billion bid for Activision – Politico

FTC likely to file lawsuit to block Microsoft’s $69 billion bid for Activision – Politico

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(Reuters) – The U.S. Federal Trade Commission (FTC) may file antitrust lawsuits to block Microsoft’s proposed $69 billion bid for video game publisher Activision Blizzard. higher, Politico reported Wednesday.

A lawsuit challenging the deal is not guaranteed, and the FTC’s four commissioners have not yet voted on the complaint or met with the company’s attorneys, three people familiar with the matter said. Citing two of them, the report said:

But FTC staff considering a deal are skeptical of both companies’ claims, the report said.

Activision’s share price fell about 2% in long-term trading after closing 1% higher.

In January, Microsoft announced it would acquire Activision, makers of the “Call of Duty” and “Candy Crush” games, in the largest deal in gaming industry history.

An Activision Blizzard spokesperson said: “We are committed to continuing to work with regulators around the world to advance the transaction, but will not hesitate to fight to defend the transaction if necessary.” , suggesting that the deal may lead. It is “totally ridiculous” to exert anticompetitive influence.

The FTC and Microsoft did not immediately respond to Reuters’ requests for comment.

The proposed bid also faces EU scrutiny as regulators launched a full-scale investigation earlier this month and warned of the implications of the deal.

(Reporting by Tiyashi Datta, Bangalore; Editing by Sriraj Kalluvila)

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