Lawyers for the Federal Trade Commission and Microsoft , which is seeking to buy Activision Blizzard , trade their final blows and make their final points on Thursday before a judge who has been asked to tap the brakes on the proposed $69 billion transaction.
Microsoft CEO Satya Nadella sought to allay those concerns on Wednesday. Asked if Microsoft would have any incentive to shut out Sony's PlayStation in order to sell more Microsoft Xbox consoles, Nadella responded: "It makes no economic sense and no strategic sense."The FTC has asked Judge Jacqueline Scott Corley in San Francisco to temporarily stop the deal from closing in order to allow the agency's in-house judge to decide the case.
In the past, the side that lost in federal court often conceded and the in-house process was scrapped. The FTC, which enforces antitrust law, has taken a harder line on mergers during the Biden administration to protect consumers from being disadvantaged by powerful corporations. Activision CEO Bobby Kotick testified Wednesday that if Microsoft bought his company and blocked other gaming platforms from offering "Call of Duty," it would alienate many of the 100 million monthly active users.Resolving the U.S. lawsuit is one of several key antitrust battles Microsoft and Activision have fought around the world.
Microsoft's bid to acquire the "Call of Duty" videogame maker was approved by the European Union in May, but British competition authorities blocked the takeover in April.Greg Bensinger joined Reuters as a technology correspondent in 2022 focusing on the world's largest technology companies. He was previously a member of The New York Times editorial board and a technology beat reporter for The Washington Post and The Wall Street Journal.
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Microsoft attempts to pick apart US legal argument against deal to buy ActivisionArguing for the government on Tuesday in its legal fight against Microsoft's $69 billion deal to buy game maker Activision Blizzard , Harvard economist Robin Lee struggled at times to plainly demonstrate how the planned deal would hurt gamers.
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Microsoft CEO Satya Nadella to defend planned takeover of game-maker Activision Blizzard in courtMicrosoft CEO Satya Nadella is due in court Wednesday to defend the company’s proposed $69 billion takeover of video game maker Activision Blizzard against an attempt by federal regulators to block the deal.
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‘Call Of Duty’ Studio Opening Spain Office As Activision And Microsoft Make Case For MergerMicrosoft's $69 billion plan to acquire video game maker Activision Blizzard has been approved in Europe but U.K. and American regulators are still wary of the merger.
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Activision Won’t Withhold Call of Duty From Sony if Microsoft Deal Closes, Chief SaysThe company’s popular Call of Duty franchise will remain available for PlayStation if the company is acquired by Microsoft, Activision’s chief told a hearing that could decide the fate of the $75 billion deal.
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Microsoft CEO claims Activision deal would be good for gaming industrySatya Nadella took the witness stand in a San Francisco federal court and said his goal is to get Activision games on as many platforms as possible, much as...
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Justice Department, FTC toughen merger guidelinesAntitrust regulators released tougher guidelines for merger reviews on Tuesday that could delay transactions by two to three months. The first major changes...
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