FTC Blocks Microsoft’s Acquisition of Activision Blizzard

Drama Mergers and Acquisitions

14 June 2023 19:20

Today, a U.S. judge agreed to the Federal Trade Commission's (FTC) plea to stop Microsoft's acquisition of Activision Blizzard. Furthermore, the judge scheduled a hearing for next week to address the matter. If there was no court intervention, Microsoft could have finalized the $69B deal this week. In December 2022, the FTC requested an administrative halt to the acquisition. Microsoft President Brad Smith said. “We believe accelerating the legal process in the U.S will ultimately bring more choice and competition to the market.”

Tags: Microsoft Activision

Share:

Sources:

Report mistake Submit news

Related news

View All

Activision Responds on AI Claims

Activision is once again targeted after players discovered what appear to be generative AI–created art assets in Call of Duty:...

Drama

Nov 17, 2025

Microsoft to Push Xbox More

Microsoft is reportedly demanding higher profitability from its Xbox division, setting a goal that far exceeds industry norms. According to...

Business

Oct 23, 2025

Microsoft Disables Some Services for Israel Ministry of Defence

Microsoft has announced the termination of specific Azure cloud and AI services used by Israel’s Ministry of Defense (IMOD), following...

Drama

Sep 26, 2025

Xbox Partners with 150 Studios

Xbox is making its largest investment in Game Pass to date, according to Chris Charla, head of ID@Xbox. Speaking at...

Business

Sep 23, 2025

Microsoft Partners with LG

Xbox is expanding its reach beyond traditional gaming devices by teaming up with LG to bring Cloud Gaming (Beta) to...

Business

Sep 09, 2025

FTC Blocks Microsoft’s Acquisition of Activision Blizzard

Drama Mergers and Acquisitions

14 June 2023 19:20

Tags: Microsoft Activision

Today, a U.S. judge agreed to the Federal Trade Commission's (FTC) plea to stop Microsoft's acquisition of Activision Blizzard. Furthermore, the judge scheduled a hearing for next week to address the matter. If there was no court intervention, Microsoft could have finalized the $69B deal this week. In December 2022, the FTC requested an administrative halt to the acquisition. Microsoft President Brad Smith said. “We believe accelerating the legal process in the U.S will ultimately bring more choice and competition to the market.”

Share:

Sources:

Report mistake Submit news