Microsoft Activision Deal: US FTC Sues to Block $69 Billion Takeover Deal Over Competition Concerns
In a move that has thrown a wrench in Microsoft’s plans for expansion, the Biden administration has blocked the tech giant’s bid to acquire Activision Blizzard, the creator of the popular game Call of Duty. The proposed deal, worth $69 billion, aimed to bolster Microsoft’s gaming portfolio and allow it to compete with industry leaders …