What you need to know
- Microsoft is attempting to purchase Activision Blizzard for $69 billion.
- The deal is undergoing regulatory scrutiny around the world.
- The FTC is suing to block Microsoft’s acquisition of Activision Blizzard.
- Microsoft and Activision have indicated they will fight for the deal in court.
Microsoft’s biggest acquisition ever has hit a snag as the deal will have to be fought for in court.
The Federal Trade Commission, the U.S. regulatory authority, announced (opens in new tab) on Thursday that it is suing to block Microsoft’s purchase of Activision Blizzard. The deal, valued at almost $69 billion, would see Microsoft add Activision Publishing, Blizzard Entertainment, and King to the existing Xbox first-party development teams.
Developing…
