To be sure, Microsoft’s acquisition of Activision Blizzard continues to run into obstacles. You were recently told that the European Union will not make a decision on the transaction until 2023, whether to agree or not.
But Politico recently announced that the Federal Trade Commission (FTC) is preparing a potential legal challenge against Microsoft’s proposed acquisition of Activision. The lawsuit is expected to be filed in December.
The FTC questions the intentions of Microsoft and Activision
According to Politico’s report, there are only a few steps left before the FTC takes legal action. Its commissioners should actually proceed to a vote. For your information, the respective CEOs of Microsoft and Activision, Satya Nadella and Bobby Kotick, have already made their statements to the US regulator.
However, it seems that the two CEOs have failed to convince them that this transaction will not harm their video game competitors. As a reminder, Activision is the company that supports popular games like Candy Crush, Call of Duty and all Blizzard games.
Activision is ready to fight to close the deal with Microsoft
On the Activision side, the company said it would continue ” cooperating with regulators around the world to allow the transaction to go through “. The company would even be ready to fight ” to defend the transaction if necessary “.
According to Activision spokesperson Joe Christinat, any suggestion that the transaction could lead to anti-competitive effects is complete nonsense “. According to him, ” this merger will benefit gamers and the US gaming industry, especially as we face increasingly fierce competition from abroad “.
As a reminder, Microsoft plans to acquire Activision for the modest sum of $68.7 billion.