Law Daily Report

US FTC seeks court order to block Microsoft acquisition of Activision -source

  • 📰 Reuters
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The U.S. Federal Trade Commission will seek a court order to block Microsoft Corp's acquisition of Activision Blizzard , a source familiar with a planned court filing said on Monday.

Microsoft's bid to acquire the "Call of Duty" videogame maker in a $69 billion dealShares in Microsoft rose 0.8% Monday, while Activision fell 0.5%.

"We welcome the opportunity to present our case in federal court," said Microsoft president Brad Smith in a statement. Activision did not comment. The case reflects the muscular approach to antitrust enforcement taken by the administration of U.S. President Joe Biden.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTC will try to block Microsoft's acquisition of Activision BlizzardThe FTC had already sued to block the $68.7 billion acquisition, choosing to bring the case before its internal administrative law judge.
Source: CNBC - 🏆 12. / 72 Read more »

US FTC seeks to block Microsoft's acquisition of Activision -sourceThe U.S. Federal Trade Commission will file an injunction blocking Microsoft Corp's acquisition of Activision Blizzard , a source familiar with a planned court filing said on Monday.
Source: Reuters - 🏆 2. / 97 Read more »