The Federal Trade Commission is suing Microsoft over its $69 billion deal to acquire Activision Blizzard, putting what would be the company’s largest acquisition ever in jeopardy. In a press release issued Thursday, the FTC said the deal “would enable Microsoft to suppress competitors to its Xbox gaming consoles and […]
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Lina Khan, Aiming to Block Microsoft’s Activision Deal, Faces a Challenge
Lina Khan, the chair of the Federal Trade Commission, has pledged to usher in a new era of trustbusting of America’s corporate giants, recently saying the agency plans to “enforce the antitrust laws to ensure maximal efficacy.” Now Ms. Khan has staked that ambitious agenda on a case that may […]
Lina Khan’s FTC is fighting with Microsoft over the Activision Blizzard deal
The Federal Trade Commission (FTC) is suing to block Microsoft’s massive $69 billion acquisition of video game giant Activision Blizzard, saying it will harm competition in the gaming market. The move is FTC chair Lina Khan’s biggest yet against a Big Tech company in her year-and-a-half tenure. Since Khan’s surprise […]
LSE to sell 4% stake to Microsoft in 10-year migration deal • The Register
Microsoft said this morning it expects to pull in $5 billion in revenue from a deal with the London Stock Exchange Group (LSEG) to haul the British exchange operator’s data platform into the cloud. The agreement will see the American software behemoth buy 4 percent equity of LSEG itself from […]
Microsoft to Offer Call of Duty on Nintendo Devices if Activision Deal Closes
Nintendo did not immediately respond to a request for comment. A long-running franchise in which players fight in historical, present-day and futuristic battles, Call of Duty is a crown jewel in Activision’s portfolio. It has earned more than $30 billion in revenue. The latest version, Modern Warfare II, made more […]