BEAMSTART Logo

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

Channel News Asia LogoChannel News Asia2 mo ago

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.


More Pictures

FTC likely to file lawsuit to block Microsoft bid for Activision -Politico - Channel News Asia (Picture 1)FTC likely to file lawsuit to block Microsoft bid for Activision -Politico - Channel News Asia (Picture 2)

or

Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-24 @ 06:56:04 (2 months ago)

News Timezone: GMT +8:00

Ranking: #722 (out of 2784 stories this day)

News Source URL: channelnewsasia.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 1898913

View Article Analysis

About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 30 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 45 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "FTC likely to file lawsuit to block Microsoft bid for Activision -Politico" has 530 words across 26 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "FTC likely to file lawsuit to block Microsoft bid for Activision -Politico" was covered 2 months ago by Channel News Asia, a news publisher based in Singapore.

How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news.

The outlet is headquartered in Singapore and publishes an average of 30 news stories per day.

It's most recent story was published 45 minutes ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #1898913
  • URL: https://beamstart.com/news/ftc-likely-to-file-lawsuit-16692524104632

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.