Trending: FTC Seeks to Block Microsoft Acquisition of Activision
June 13 2023 - 2:07PM
Dow Jones News
13:37 ET -- Videogame publisher Activision Blizzard is one of
the most mentioned companies in the U.S. across all news items in
the last 12 hours, according to Factiva data. Microsoft has another
headwind in its proposed $69 billion acquisition of Activision
Blizzard in the form of an injunction from the U.S. Federal Trade
Commission. The FTC confirmed reports it would block the
acquisition, and filed a temporary restraining order and
preliminary injunction against Microsoft and Activision Blizzard in
federal court. Antitrust complaints against the deal generally
revolve around concerns that Microsoft, with its Xbox gaming
console, could withhold hit Activision videogame franchises such as
"Call of Duty" and "Overwatch" from competing console platforms.
Dow Jones & Co. owns Factiva. (matt.walker@dowjones.com)
(END) Dow Jones Newswires
June 13, 2023 13:52 ET (17:52 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Activision Blizzard (NASDAQ:ATVI)
Historical Stock Chart
From Jul 2023 to Jul 2024