FTC Suing Microsoft Over Activision/Blizzard Acquisition
The Federal Trade Commission (FTC) is suing Microsoft over the Activision/Blizzard deal to block the acquisition from happening, according to The Washington Post. The deal which is worth a reported $69 billion dollars was set to be one of the largest in the history of the video game industry.
According to The Washington Post, the FTC voted on Thursday on a party-line vote to issue the lawsuit in an administrative court. This lawsuit is the first regulatory threat that Microsoft has seen in quite some time – more than two decades.
Furthermore, the lawsuit warns that the deal could give Microsoft not only an unfair advantage in subscription and cloud gaming but also an upper hand in console gaming as well. The FTC argues that the deal could dampen innovation in these gaming markets.