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The deal was approved by UK regulators
Microsoft has acquired the assets of Activision Blizzard for $6.3 billion in cash and stock. As per the terms of the deal, Microsoft has agreed to let consumers in the European Union (EU) stream current and future Activision Blizzard PC and console games via any cloud game streaming services of their choice. Activision CEO Bobby…
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Microsoft responded to the FTC’s lawsuit
Microsoft CEO Brad Smith in an op-ed in The Wall Street Journal on Monday said an FTC suit to block its deal with Activision would be a “huge mistake”. It would allow the company to innovate new features such as the ability for consumers to play the same game on multiple devices, he added. The…
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Microsoft is responding to the FTC’s lawsuit.
The US Federal Trade Commission (FTC) on Thursday said it has filed a lawsuit against Microsoft’s $69-billion takeover of video game company Activision Blizzard. The FTC said the deal could “suppress competitors to Microsoft’s Xbox game consoles” and the company’s growing games subscription business. Activision CEO Bobby Kotick said the FTC suit may SOUND “alarming”…