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US antitrust regulators ask Activision and Microsoft for more information on the planned deal

The Microsoft logo is visible on the smartphone located on the displayed Activision Blizzard logo in this illustration made on January 18, 2022. REUTERS / Dado Ruvic / Illustration

March 21, 2022

(Reuters) – The US Federal Trade Commission has requested additional data from Activision Blizzard Inc and Microsoft Corp. regarding the antitrust review of their deal, the game developer said in regulations on Monday.

Microsoft in January agreed to acquire the maker of Call of Duty for $ 68.7 billion as part of the largest deal in the gaming industry in history.

Microsoft will apply for approval of the deal in 17 jurisdictions, company president Brad Smith told reporters last month.

To encourage U.S. and other regulators, the company said in February that it had developed a new set of guidelines for its app store, including open access for developers who meet privacy and security standards.

Through the Activision deal, Microsoft will take on a deal with industry leaders Tencent Holdings Ltd and Sony Group Corp. Sony Interactive Entertainment recently announced that it will buy Bungie Inc, the creator of the video game “Halo”, in a deal worth $ 3.6 billion.

(Report by Diane Bartz in Washington, DC, Eurojack Malik in Bangalore; Editors by Sheilesh Kuber and Matthew Lewis)



US antitrust regulators ask Activision and Microsoft for more information on the planned deal

Source link US antitrust regulators ask Activision and Microsoft for more information on the planned deal

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