Friday, 24 March, 2023

FTC Approves Epic Games' Purchase of Psyonix, Following Settlement over 'Fortnite' Payment System

<p>The FTC approved Epic Games&#39; purchase of a majority stake in developer Psyonix, which is behind the popular game &quot;Rocket League.&quot; The move follows the FTC&#39;s lawsuit against Epic Games over the company&#39;s &quot;anti-competitive conduct&quot; related to its in-game payment system in &quot;Fortnite.&quot; The settlement allows for greater competition in the video game industry, and is expected to benefit consumers.&nbsp;The FTC will monitor Epic Games&#39; compliance with the settlement.</p>