The US Federal Trade Commission has sought additional data from Activision Blizzard and Microsoft related to the antitrust review of their deal, the games developer said in a regulatory filing on Monday.
Microsoft in January agreed to acquire the “Call of Duty” maker for $68.7 billion in the biggest gaming industry deal in history. The all-cash deal will bolster Microsoft’s firepower in the booming videogaming market, where it will take on leaders Tencent and Sony.
Microsoft will file for approval of the deal in 17 jurisdictions, the company’s president, Brad Smith, told reporters last month.
In order to woo US. and other regulators, the company said in February that it had developed a new set of principles for its app store, including open access to developers who meet privacy and security standards.
With the Activision deal, Microsoft will take on industry leaders Tencent Holdings and Sony Group. Sony Interactive Entertainment recently said it would buy Bungie Inc, creator of the “Halo” videogame, in a deal valued at $3.6 billion.
The FTC’s challenge of the deal is considered the first test to show its new approach to mergers since the joint consultation with the Justice Department’s Antitrust Division (DOJ) to review the merger guidelines.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.T
Featured News
Electrolux Fined €44.5 Million in French Antitrust Case
Dec 19, 2024 by
CPI
Indian Antitrust Body Raids Alcohol Giants Amid Price Collusion Probe
Dec 19, 2024 by
CPI
Attorneys Seek $525 Million in Fees in NCAA Settlement Case
Dec 19, 2024 by
CPI
Italy’s Competition Watchdog Ends Investigation into Booking.com
Dec 19, 2024 by
CPI
Minnesota Judge Approves $2.4 Million Hormel Settlement in Antitrust Case
Dec 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand