U.S. FTC Tries Again to Stop Microsoft’s Already-Closed Deal to Buy Activision Blizzard

U.S. antitrust enforcers argued on Wednesday that a federal judge got it wrong when she ruled that Microsoft’s $69 billion deal to buy “Call of Duty” maker Activision Blizzard was legal under competition law, in their latest attempt to stop the deal.

Microsoft closed the deal on Oct. 13 after winning approval from British regulators. The deal was originally proposed in January 2022 as the biggest acquisition in the history of the gaming industry.

Speaking for the Federal Trade Commission, lawyer Imad Abyad argued that the lower-court judge held the agency to too high a standard, effectively requiring it to prove that the deal was anticompetitive.

Read the source article at Yahoo Finance