FTC moves to block Microsoft’s Activision buyout
June 13, 2023
The US Federal Trade Commission (FTC) has asked a judge to block Microsoft’s $69 billion (€63.9bn) takeover of video game publisher Activision Blizzard.
The US regulator said the deal, which would be the largest in the history of the video games industry, could “substantially lessen competition” in the sector.
The FTC said in a court filing that a “preliminary injunction is necessary to […] prevent interim harm” while the regulator determines whether “the proposed acquisition violates US antitrust law”.
Microsoft’s proposed takeover needs approval from regulatory bodies in the UK, the EU and the US. A trial in the US will now commence in August.
Activision Blizzard is responsible for some of the world’s most popular video game franchises, including Overwatch, Candy Crush and Call of Duty.