U.S. seeks to stop Microsoft's $69 bln bid for games maker Activision

Microsoft President Brad Smith said they would fight the FTC in court. "While we believed in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present our case in court," he said.


Reuters | Updated: 09-12-2022 00:56 IST | Created: 09-12-2022 00:56 IST
U.S. seeks to stop Microsoft's $69 bln bid for games maker Activision

The U.S. Federal Trade Commission filed a complaint on Thursday aimed at stopping tech giant Microsoft from buying "Call of Duty" games maker Activision in a $69 billion deal.

Microsoft, which owns the Xbox, said in January 2022 that it would buy Activision for $68.7 billion in the biggest gaming industry deal

in history. Microsoft President Brad Smith said they would fight the FTC in court. "While we believed in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present our case in court," he said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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