Tuesday, November 5, 2024

The US regulator is seeking to stop Microsoft’s acquisition of Activision

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The Federal Trade Commission (FTC) in the United States will ask the justice to take precautionary measures for this Microsoft is unable to complete the acquisition of Activision Blizzardone of the largest video game companies in the world, since approx 69 thousand million dollars (64 thousand million euros). The Federal Trade Commission (FTC) already sued last year to block the purchase, arguing that doing so would harm consumers, and with its new measure it seeks to prevent both parties from closing the process before this process is resolved.

According to the CNBC Financial Channel, which cited an anonymous source, the US regulator is expected to submit this request on Monday. In his lawsuit last December, The FTC noted that the process would harm consumersbecause it would allow Microsoft to damage competition in the video game sector by controlling important franchises developed by Activision such as “Warcraft”, “Call of Duty” or “Candy Crush”.

The lawsuit was one of the most powerful actions US regulators have taken in recent years to try to rein in the power of the tech giants and it still stands. waiting to be resolved In process scheduled to begin in August. Microsoft announced in February 2022 the release of Activision buyout for approximately $69,000 million in cashin what will be the largest acquisition in the history of the American company, the largest transaction of its kind in the world of video games and one of the largest operations in the technological field in general.

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He hopes to enter the “Top 3”

with Activision, Microsoft plans to become the third company in the video game sector, behind only Tencent and Sony. On May 15, the European Commission (EC) gave the go-ahead for the acquisition on the condition that a series of procedures are met to ensure that the operation does not harm competition in the sector, while the British regulator blocked the purchase, a decision that is still pending on appeal.

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