USA-The FTC wants to block the takeover of Activision by Microsoft
WASHINGTON, Dec 8 (Reuters) – The U.S. Federal Trade Commission, the U.S. competition watchdog, filed a lawsuit on Thursday to block Microsoft’s takeover of video game maker Activision.
Microsoft announced in January that it wanted to buy Activision for an estimated 69 billion dollars (65.42 billion euros at today’s rates), the most expensive operation ever carried out in this sector.
The American computer giant planned to become once the operation completed the third gaming company in the world in terms of turnover, behind Tencent and Sony.
This proposed takeover of the publisher of “Call of Duty”, “Overwatch” and “Candy Crush” has triggered in-depth investigations in the United States,
in Great Britain
in the European Union
regulators fearing a serious harm to competition and an abuse of a dominant position.
At the end of this investigation, the FTC has decided to initiate proceedings to block this operation, as first reported by the Washington Post.
Microsoft President Brad Smith has promised to challenge the decision in court. “We have complete confidence in our rights and we welcome the opportunity to present our case in court,” he said. (Report by Diane Bartz, French version Nicolas Delame and Tangi Salan)
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