The FTC said it is suing to block Microsoft’s planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors
Blizzard, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business.
The FTC’s complaint points to Microsoft’s previous game acquisitions, especially of well-known developer Bethesda Softworks and its parent company ZeniMax, as an example of where Microsoft made some popular game titles exclusive despite assuring European regulators it had no intention to do so. “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,” Smith said.
Smith said Microsoft has been committed to addressing competition concerns and brought proposed concessions to the FTC earlier this week.
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