The FTC Wants To Block Microsoft’s Acquisition Of Activision
The Federal Trade Commission is looking to block Microsoft’s pending $69 billion acquisition of Activision Blizzard. According to a press release, the Commission, whose purpose is to protect consumers by promoting fair market competition, voted 3-1 to file a lawsuit to prevent the deal's closure. Thus, a federal judge will weigh in and make a decision. Among other reasons, the FTC cites Microsoft’s record of using previous acquisitions to “suppress competition from rival consoles" and points to the publisher's purchase of ZeniMax in 2020 as an example, stating: “Microsoft decided to make several of Bethesda's titles including Starfield and Redfall Microsoft exclusives despite assurances it had given to European antitrust authorities that it had no incentive to withhold games from rival consoles.” The FTC adds that Activision is one of the few major third-party publishers left that offers several best-selling franchises on multiple platforms....