Published by mdholidayshow.com
Dec 24, 2022
Microsoft has responded to the FTC's lawsuit regarding its proposed acquisition of Activision Blizzard.
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According to the FTC, the $69 billion deal would allow Microsoft to stifle competition in the games industry.
credits: Unsplash
The company defended its proposed $69 billion buyout, its previous acquisition of Bethesda owner ZeniMax Media, and its decision to make three future titles exclusive to Xbox and PC.
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FTC's approach to assessing the acquisition is unconstitutional, specifically violating the Fifth Amendment right to due process.
Microsoft reiterated its intention to release Activision Blizzard games on Xbox Game Pass on a day and date that it is currently unwilling to negotiate with the FTC.
credits: pexels
Microsoft President said: we remain committed to creative solutions with regulators that will protect competition, consumers, and workers in the tech sector.
credits: Pexels
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