3/9/2024 0 Comments Redfall zenimax lawsuit![]() The deadline for the massive deal comes at the end of June. If approved, the plan would become the largest video game acquisition deal in history and make Microsoft the world’s third largest gaming company. The deal would give Microsoft control over Activision’s extensive game properties, including hit franchises like Call of Duty, Overwatch and Candy Crush. ![]() Microsoft first announced plans to acquire Activision Blizzard in January 2022. “This loss of competition would likely result in significant harm to consumers in multiple markets at a pivotal time for the industry.” “With control of Activision’s content, Microsoft would have the ability and increased incentive to withhold or degrade Activision’s content in ways that substantially lessen competition - including competition on product quality, price and innovation,” the FTC said in its most recent suit. Trial for that proceeding is set to begin Aug. The agency first protested the acquisition in administrative court in December, arguing against the potential damages to the video game market the deal could usher in, but did not initiate any action to prevent the companies from closing on their proposed deal. District Court of Northern California asks the court for a preliminary injunction and temporary restraining order by Thursday. Prompted by indications from the companies that “they may consummate the proposed acquisition at any time," Monday’s filing in the U.S. ![]() The suit is only the FTC’s latest effort towards preventing the merger between Microsoft, maker of the game console system Xbox, and the developer of blockbuster game franchises like Call of Duty and World of Warcraft. (CN) - The Federal Trade Commission sued both Microsoft and Activision Blizzard on Monday in an attempt to stop the tech giant from closing on a $69 billion deal to acquire the major video game developer. ![]()
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