The Federal Trade Commission filed suit Thursday against Microsoft Corp. to block it from acquiring Activision Blizzard Inc., publisher of the “Call of Duty” games.
The FTC alleges the largest acquisition in the video gaming industry would allow Microsoft to suppress competitors to its Xbox gaming consoles and its subscription content and cloud-gaming business.
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Microsoft agreed to purchase video game giant Activision Blizzard for almost $70 billion, its largest acquisition in company history, multiple sources reported.
Microsoft announced Tuesday that it agreed to purchase Activision Blizzard in an all-cash deal, further broadening the tech giant’s video game portfolio. Upon completion, the deal w0uld make Microsoft the world’s third-largest gaming company, behind Tencent and Sony.
“Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms,” Microsoft chairman and chief executive Satya Nadella said in a press release. “We’re investing deeply in world-class content, community and the cloud to usher in a new era of gaming that puts players and creators first and makes gaming safe, inclusive and accessible to all.”
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