The FTC’s challenge, which is being filed in an administrative court, could be a test case for President Joe Biden’s mandate to scrutinize big tech mergers. FOX13
Microsoft CEO Satya Nadella opens up about raising his special needs son and how it`s changed his perspective when it comes to leading one of the biggest technology companies in the world.planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business.
"Microsoft has already shown that it can and will withhold content from its gaming rivals," said a prepared statement from Holly Vedova, director of the FTC’s Bureau of Competition. "Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets."
"While we believed in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present our case in court," Smith said. Microsoft announced the merger deal in January but has faced months of resistance from Sony, which makes the competing PlayStation console and has raised concerns with antitrust watchdogs around the world about losing access to popular Activision Blizzard game franchises such as Call of Duty.
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