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US FTC to review Microsoft's $68.7-billion deal for Activision – report

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The FTC, instead of the Justice Department, will investigate whether Microsoft's takeover of Activision Blizzard will harm competition.

maker Activision Blizzard will be handled by the Federal Trade Commission , Bloomberg News reported late on Monday, January 31, citing a person familiar with the matter.

The FTC, instead of the Justice Department, will investigate whether the takeover will harm competition, the report said.The deal announced by Microsoft in January is its biggest-ever and is set to be the largest all-cash acquisition on record. It will bolster Microsoft’s firepower in the booming videogaming market where it takes on leaders Tencent Holdings Ltd and Sony Group Corp.

Days later, the FTC voted unanimously to sue to block arms maker Lockheed Martin’s proposed $4.4 billion purchase of rocket engine maker Aerojet Rocketdyne Holdings Inc over antitrust concerns.

 

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