Business

Activision Drops on FTC Report Likely to Challenge Microsoft Acquisition (NASDAQ:ATVI)


Gwyneth Paltrow and Tracy Anderson at Licensing Expo 2013

David Becker/Getty Images Entertainment

Activate blizzard (NASDAQ:ATVI) To be less than 3.6% after-sales service along with a pre-holiday report that the Federal Trade Commission is likely to file antitrust lawsuit to block Microsoft’s $69 billion acquisition (NASDAQ:MSFT).

FTC yet? Politico reported that it has yet to vote on the complaint or even meet with the company’s attorney, but the company’s employees who are reviewing the settlement remain skeptical of the company’s argument for the transaction.

That comes as much of the “hard work” in the investigation has already been done – including the dismissal of Microsoft CEO Satya Nadella and Activision CEO Bobby Kotick – even if the investigation has not yet concluded. ended, according to the report.

And if the FTC goes ahead with a lawsuit, it could come as soon as next month.

Opposition to the merger came mainly from Microsoft’s console rival Sony (NYSE:SONY). The cloud gaming market is growing.

Sony is reported to have meet with Europe’s antitrust regulator about the proposed deal in September and Microsoft responded to that objection with complaints in October.

Meanwhile, China’s “normal procedure” consider the deal can be night.

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button