Microsoft Settles Antitrust Lawsuit Filed By Gamers Over Activision Blizzard Acquisition
Portfolio Pulse from Franca Quarneti
Microsoft has settled an antitrust lawsuit filed by gamers over its $69 billion acquisition of Activision Blizzard. The lawsuit, which was dismissed with prejudice, raised concerns about potential monopolistic effects on the video game industry. The settlement details remain undisclosed. The acquisition has led to changes in Microsoft's Xbox Game Pass, including price hikes and restructuring, which have drawn criticism from the FTC and gamers.
October 15, 2024 | 6:34 pm
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Microsoft settled an antitrust lawsuit regarding its $69 billion acquisition of Activision Blizzard. The lawsuit, dismissed with prejudice, raised concerns about monopolistic effects. Post-acquisition, Xbox Game Pass saw price hikes and restructuring, drawing criticism from the FTC.
The settlement of the lawsuit removes a legal hurdle for Microsoft, but the changes in Xbox Game Pass pricing and structure post-acquisition have drawn criticism, which could affect customer sentiment and regulatory scrutiny. The impact on Microsoft's stock is neutral as the settlement resolves legal issues, but ongoing criticism could weigh on investor sentiment.
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