Published by mdholidayshow.com
Dec 24, 2022
Microsoft has responded to the FTC's lawsuit regarding its proposed acquisition of Activision Blizzard.
According to the FTC, the $69 billion deal would allow Microsoft to stifle competition in the games industry.
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.
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.
Microsoft President said: we remain committed to creative solutions with regulators that will protect competition, consumers, and workers in the tech sector.
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