FTC Plans Injunction Blocking Activision Acquisition, Source Says --CNBC
June 12 2023 - 1:22PM
Dow Jones News
--The U.S. Federal Trade Commission is planning to seek an
injunction against Microsoft's planned acquisition of Activision
Blizzard, CNBC reported, citing "a person familiar with the
matter."
--In December, the FTC sued to block the deal. At the time, The
Wall Street Journal reported the FTC said the deal was illegal
because Microsoft would have the ability to control how consumers
beyond users of its own Xbox consoles and subscription services
access Activision's games.
--Later in December, Microsoft signaled it planned to challenge
the FTC lawsuit, The Wall Street Journal reported at that time.
Full story:
https://www.cnbc.com/2023/06/12/ftc-to-file-injunction-blocking-microsofts-acquisition-of-activision-blizzard.html
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
June 12, 2023 13:07 ET (17:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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