Gamers Sue Microsoft , to Stop Activision Takeover.
Gamers Sue Microsoft , to Stop Activision Takeover.
CNN reports that a private consumer lawsuit was filed against Microsoft in the U.S. on Dec.
20.
The complaint alleges that the company's $69 billion bid to acquire Activision Blizzard will squash competition in the gaming industry.
The complaint alleges that the company's $69 billion bid to acquire Activision Blizzard will squash competition in the gaming industry.
The U.S. Federal Trade Commission (FTC) filed a similar lawsuit earlier in the month.
If Xbox maker Microsoft is allowed to finalize its deal with 'Call of Duty' maker Activision.
If Xbox maker Microsoft is allowed to finalize its deal with 'Call of Duty' maker Activision.
It would be the largest-ever acquisition in the gaming market.
It would be the largest-ever acquisition in the gaming market.
The private complaint alleges that the deal would give Microsoft , “far-outsized market power in the video game industry... with the ability to foreclose rivals, limit output, reduce consumer choice, raise prices, and further inhibit competition.”.
As the video game industry continues to grow and evolve, it’s critical that we protect the market from monopolistic mergers that will harm consumers in the long run, Joseph Saveri, plaintiffs' attorney, via statement.
Microsoft's planned Activision takeover is also subject to antitrust scrutiny in the European Union.
While Microsoft has yet to comment on the newest lawsuit, it did comment on the FTC's complaint.
While Microsoft has yet to comment on the newest lawsuit, it did comment on the FTC's complaint.
We have complete confidence in our case and welcome the opportunity to present our case in court, Brad Smith, Microsoft's president, via statement
