Washington wants to block the takeover of Activision-Blizzard by Microsoft
The Redemption of Activision-Blizzard by Microsoft would be a record transaction in the video game industry.
The US competition authority, the FTC, filed suit on Thursday to block the 69 billion US dollars (about 93.7 billion Canadian dollars) takeover of & #x27;Activision Blizzard, publisher of successful video games like Call of Duty, by Microsoft.
If the deal goes through, Microsoft, maker of the Xbox console and owner of several development studios, would gain control over top-tier series, the agency said in a statement.
It would harm competition in high-performance game consoles and subscription services by denying or degrading rivals' access to its popular content, adds- she.
The Federal Trade Commission (FTC) has pointed the finger at Microsoft's behavior after acquiring a smaller publisher, ZeniMax, the parent company of Bethesda Softworks.
Once the transaction was finalized, Microsoft decided to reserve the exclusivity of games like Starfield, after having nevertheless assured the European competition authorities that the company had no interest in not distributing the games on competing consoles, the US agency argues.
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Or Activision, which has 154 million monthly active users and produces some of the most iconic video games, is one of the world's few video game developers to create and publish high-quality video games for multiple devices, including video game consoles, PCs, and mobile devices, FTC points out.
That could change if the takeover deal is cleared, the agency says.
We continue to believe this deal will broaden competition and create more opportunities. #x27;opportunities for gamers and game developers, responded a Microsoft spokesperson, pointing out that the group had offered concessions to the FTC.
We We have complete confidence in our case and look forward to the opportunity to present our case in court, he added.