Friday, 21 July, 2023

FTC Launches Administrative Challenge Against Microsoft-Activision Merger

The Federal Trade Commission (FTC) has initiated an administrative challenge against the proposed merger between Microsoft and Activision Blizzard. The challenge seeks to block the acquisition on antitrust grounds. The move could potentially impact the $68.7 billion deal, which was expected to be one of the largest in the tech industry. The FTC's action reflects the increasing scrutiny on major tech acquisitions and their potential effects on competition in the market.