US competition authority wants to prevent takeover by Microsoft

by time news

2023-06-12 18:41:00

Activision Blizzard

The EU had already approved the deal in May.

(Foto: imago images/Future Image)

Washington After the British competition authority, the US supervisory authority FTC is also taking concrete steps against the mega takeover of video game maker Activision by Microsoft. The FTC will seek a ban on the $69 billion acquisition in court, a person familiar with the deal told Reuters on Monday. Bloomberg initially reported on it, citing an insider.

The FTC plans to obtain an injunction blocking the transaction pending the agency’s internal decision on the deal, the anonymous insider told the Bloomberg report. A hearing before the agency’s court is scheduled to begin in August.

More: Microsoft and Activision Blizzard – EU approves largest gaming deal in history

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