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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 is losing its cloud gaming dreams
UK’s Competition and Markets Authority said Microsoft’s acquisition of Activision Blizzard “could change the future of the cloud gaming market”, leading to reduced innovation and less choice for consumers over time. Microsoft had said that its acquisition wouldn’t lead to games like Call of Duty being available only on its hardware. However, the CMA said…
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The U.K. blocks the Microsoft deal to acquire a giant video game company
The UK’s competition regulator on Wednesday blocked Microsoft’s $69-billion purchase of video game maker Activision Blizzard over fears it would stifle competition in the fast-growing cloud gaming market. In its final report, the Competition and Markets Authority said that “the only effective remedy” to the substantial loss of competition was to prohibit the deal. The…
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Ahead of an EU hearing, Microsoft signs a binding deal with Nintendo
Microsoft has signed a deal with Nintendo to bring ‘Call of Duty’ to the latter’s consoles, Brad Smith, Microsoft’s Vice-Chair and President, said. “We continue to believe that this deal will expand competition and create more opportunities for gamers and game developers,” Smith added. Earlier, Microsoft was sued by the US Federal Trade Commission over…
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The FTC is taking Microsoft to court
Microsoft’s proposed acquisition of Activision Blizzard has been opposed by US Federal Trade Commission (FTC), UK’s Competition and Markets Authority (CMA) and European Union. The FTC said Microsoft’s takeover would enable it to suppress competitors to its Xbox consoles and its rapidly growing subscription content and cloud- gaming business. The CMA said the deal could…
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Microsoft responded to the FTC’s lawsuit
The US Federal Trade Commission (FTC) has filed a lawsuit against Microsoft’s acquisition of Call of Duty maker Activision Blizzard. The lawsuit alleges that the deal will increase Microsoft’s monopoly in video games and cloud gaming and allow it to suppress its own rivals. The FTC has also alleged that the deal would “hurt developers…
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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”…
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The FTC wants to block the merger of Microsoft withActivision.
Microsoft CEO Satya Nadella has said that the US Federal Trade Commission’s (FTC) lawsuit to block Microsoft’s $5 billion deal to buy Activision Blizzard won’t be a “huge mistake”. He added that the FTC’s allegation that Microsoft made some popular game titles exclusive to it didn’t align with the facts. He said, “We believe we’ll…