Report: FTC Could File an Antitrust Lawsuit to Block Xbox's Activision Buyout

And that's Jenga. A day dominated by stories involving Microsoft’s proposed $69 billion purchase of Activision Blizzard has concluded with an exclusive story by Politico, which claims the Federal Trade Commission could be poised to file an antitrust lawsuit against the acquisition. The website cites “three people with knowledge on the matter”, and claims that it would be the FTC’s “biggest move yet under Chair Lina Khan to rein in the power of the world’s largest technology companies”. It should be noted that the lawsuit is not yet guaranteed, as “the FTC’s four commissioners have yet to vote out a complaint or meet with lawyers for the companies”. However, if the case is taken to court, we could find out as early as next month. Sony has been actively fighting against the acquisition, as it claims the buyout would dramatically impede its ability to compete. Read the full article on pushsquare.com

Report: FTC Could File an Antitrust Lawsuit to Block Xbox's Activision Buyout

And that's Jenga.

A day dominated by stories involving Microsoft’s proposed $69 billion purchase of Activision Blizzard has concluded with an exclusive story by Politico, which claims the Federal Trade Commission could be poised to file an antitrust lawsuit against the acquisition. The website cites “three people with knowledge on the matter”, and claims that it would be the FTC’s “biggest move yet under Chair Lina Khan to rein in the power of the world’s largest technology companies”.

It should be noted that the lawsuit is not yet guaranteed, as “the FTC’s four commissioners have yet to vote out a complaint or meet with lawyers for the companies”. However, if the case is taken to court, we could find out as early as next month. Sony has been actively fighting against the acquisition, as it claims the buyout would dramatically impede its ability to compete.

Read the full article on pushsquare.com