In one of the most aggressive antitrust moves taken against Big Tech, the Federal Trade Commission announced that it is moving to block Microsoft’s $69 billion acquisition of video games company Activision Blizzard.
— worth more than Elon Musk’s $44 billion purchase of Twitter — and would be the largest acquisition in Microsoft’s and in video game history, according to the FTC’s complaint.said in a statement that the company believes the acquisition “will expand competition” in the industry.
from European regulators, who are also concerned about the potential for the deal to reduce competition in the gaming industry. The EU opened an investigation into the merger last month, saying that Microsoft “may foreclose access” to Activision Blizzard’s games with its acquisition.
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