Microsoft 'Disappointed' At FTC For Continuing To Pursue 'Weak Case' Against Activision Acquisition
Portfolio Pulse from Benzinga Newsbot
Microsoft's vice chair and president, Brad Smith, expressed disappointment at the Federal Trade Commission's (FTC) decision to appeal the court ruling that allowed Microsoft's acquisition of Activision Blizzard. The FTC had previously sued to block the acquisition, arguing it would harm competition. However, the court ruled in favor of Microsoft, stating the acquisition was beneficial for competition and consumers.
July 13, 2023 | 5:27 am
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NEUTRAL IMPACT
Activision Blizzard's acquisition by Microsoft is facing potential delays due to FTC's decision to appeal the court ruling. This could impact Activision Blizzard's future plans and operations.
The FTC's decision to appeal the court ruling could potentially delay Activision Blizzard's acquisition by Microsoft. This could impact Activision Blizzard's future plans and operations, as the acquisition is seen as a significant move for the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Microsoft's acquisition of Activision Blizzard is facing further delays due to FTC's decision to appeal the court ruling. This could potentially impact Microsoft's strategic plans in the gaming industry.
The FTC's decision to appeal the court ruling could potentially delay Microsoft's acquisition of Activision Blizzard. This could impact Microsoft's strategic plans in the gaming industry, as the acquisition is seen as a significant move to strengthen its position in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100