Big Law
The FTC Will Review Microsoft’s $68.7 Billion Activision Purchase
The U.S. antitrust review of Microsoft Corp’s $68.7 billion proposed acquisition of “Call of Duty” maker Activision Blizzard Inc will be handled by the Federal Trade Commission (FTC), Bloomberg News reported https://bloom.bg/3ALk2Fm late on Monday, citing a person familiar with the matter.
The FTC, instead of the Justice Department, will investigate whether the takeover will harm competition, the report said.
In a bid to toughen merger guidelines, the FTC and the Justice Department had last month jointly said that industries had become increasingly concentrated and a surge in merger filings in 2020 and 2021 signaled the situation will worsen.
