video game company activision blizzard
FTC sues to block the $69 billion Microsoft-Activision Blizzard merger
The Federal Trade Commission said it is suing to block Microsoft's planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft's Xbox game consoles and its growing games subscription business. The Federal Trade Commission said it is suing to block Microsoft's planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft's Xbox game consoles and its growing games subscription business. The Federal Trade Commission said Thursday it is suing to block Microsoft's 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. The FTC voted 3-1 to issue the complaint after a closed-door meeting, with the three Democratic commissioners voting in favor and the sole Republican voting against. A fifth seat on the panel is vacant after another Republican left earlier this year.
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