The US Federal Trade Commission wants to block Microsoft’s $69 billion buyout of gaming giant Activision Blizzard, maker of the blockbuster “Call of Duty” title \/GETTY IMAGES NORTH AMERICA\/AFP\/File The US Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion buyout of gaming giant Activision Blizzard, maker of the blockbuster “Call of Duty” title, over concerns that it would stifle competition. The lawsuit marks one of the biggest ever interventions by the US government to stop consolidation in the tech industry and raises significant doubts on the future of the transaction. “Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets,” said Holly Vedova, director of the FTC’s Bureau of Competition. The move by Washington follows an intervention by the European Union, which opened an in-depth probe into the transaction over its concerns that the deal would see Activision Blizzard’s<\/p>\n","protected":false},"excerpt":{"rendered":"
The US Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion buyout of gaming giant Activision Blizzard, maker of the blockbuster “Call of Duty” title, over concerns that<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22,1],"tags":[],"class_list":["post-434850","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/434850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=434850"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/434850\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=434850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=434850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=434850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}