WASHINGTON : Lawyers for the Federal Trade Commission and Microsoft, which is seeking to buy Activision Blizzard, trade their final blows and make their final points on Thursday before a judge who has been asked to tap the brakes on the proposed $69 billion transaction.The Federal Trade Commission has ask
WASHINGTON : Lawyers for the Federal Trade Commission and Microsoft, which is seeking to buy Activision Blizzard, trade their final blows and make their final points on Thursday before a judge who has been asked to tap the brakes on the proposed $69 billion transaction.
Microsoft CEO Satya Nadella sought to allay those concerns on Wednesday. Asked if Microsoft would have any incentive to shut out Sony's PlayStation in order to sell more Microsoft Xbox consoles, Nadella responded:"It makes no economic sense and no strategic sense."The FTC has asked Judge Jacqueline Scott Corley in San Francisco to temporarily stop the deal from closing in order to allow the agency's in-house judge to decide the case.
The FTC, which enforces antitrust law, has taken a harder line on mergers during the Biden administration to protect consumers from being disadvantaged by powerful corporations.
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