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HALT!

Regulators Move to Crush Microsoft’s Massive Activision Blizzard Deal

The deal faces opposition from multiple governments.

2023-05-30T172151Z_1963477061_RC2491AQK58J_RTRMADP_3_ACTIVISION-M-A-MICROSOFT-BRITAIN_gzh4aq

REUTERS/Dado Ruvic/Illustration/File Photo

Microsoft’s enormous acquisition of videogame maker Activision Blizzard was already imperiled due to opposition from the United Kingdom’s Competition and Markets Authority. But things now look even dicier, as the Federal Trade Commission is reportedly planning to file an injunction to block the $69 billion deal. Amid the turbulence, the companies have insisted that the acquisition merits a green light from regulators. A spokesperson for Microsoft told CNBC on Monday that the company “would welcome” the injunction request because it would expedite the legal process.

Read it at CNBC

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