FTC likely to file lawsuit to block Microsoft bid for Activision -Politico

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FTC likely to file lawsuit to block Microsoft bid for Activision -Politico - Channel News Asia

Quick Summary:

Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp's $69 billion takeover bid for video game publisher Activision Blizzard Inc, Politico reported on Wednesday, citing people familiar with the matter.

Microsoft is betting on the acquisition to help it compete better with videogame leaders Tencent and Sony.

A lawsuit challenging the deal is not guaranteed, and the FTC's four commissioners have yet to vote out a complaint or meet with lawyers for the companies, the report said, adding that the FTC staff reviewing the deal are skeptical of the companies' arguments.