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Microsoft deal for Activision Blizzard to be reviewed by FTC in US

Microsoft deal for Activision Blizzard to be reviewed by FTC in US

NEW YORK (BLOOMBERG) – The US anti-trust evaluate of Microsoft’s proposed US$69 billion (S$93.2 billion) acquisition of Activision Blizzard can be dealt with by the Federal Commerce Fee (FTC), based on an individual acquainted with the matter, placing the deal within the palms of an company that has vowed extra aggressive policing of offers.

The FTC will oversee the investigation into whether or not the takeover will hurt competitors, as a substitute of the Justice Division, mentioned the individual, who was not authorised to talk publicly in regards to the evaluate. The 2 companies share duty for anti-trust opinions of mergers and sometimes attain agreements about which one will examine a deal.

FTC chair Lina Khan has lengthy advocated for a extra forceful method to reviewing offers, notably by the largest know-how corporations, which she says are in a position to leverage their dominance in a single line of enterprise to achieve energy in different markets. Underneath her management, the company has sued to dam two main takeovers – Nvidia’s proposed buy of Arm and Lockheed Martin’s deal to purchase of Aerojet Rocketdyne Holdings.

Microsoft declined to remark in regards to the evaluate. The FTC didn’t reply to a message in search of remark.

The Activision investigation will concentrate on the mix of Activision’s gaming portfolio with Microsoft’s consoles and {hardware} techniques. Regulators are more likely to look carefully at how Microsoft’s possession of Activision may hurt rivals by limiting their entry to the corporate’s greatest video games.

Microsoft’s final vital takeover, a US$17 billion deal to purchase transcription software program maker Nuance Communications, was permitted final summer season by US and European Union officers. The UK’s Competitors and Markets Authority remains to be reviewing the transaction.

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