The US Federal Trade Commission (FTC) has filed a lawsuit against Microsoft regarding its $69 billion acquisition of Activision, the maker of the popular video game franchise Call of Duty. The FTC is seeking a preliminary injunction that would temporarily halt the merger while the agency’s in-house court assesses its potential impact on competition in …
The US Federal Trade Commission presented its case in federal court on Thursday, seeking a preliminary injunction to temporarily halt Microsoft’s acquisition of Activision Blizzard, a popular videogame maker. The FTC lawyer, James Weingarten, expressed concerns about the potential for the combined company to harm competition in various markets related to consoles, subscription services, and …
The Federal Trade Commission (FTC) is set to begin a five-day evidentiary hearing this week in their legal attempt to block Microsoft’s acquisition of Activision Blizzard. The hearing, scheduled from June 22 to June 29, will feature notable witnesses such as Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick. The FTC is seeking …
The European Union (EU) has approved Microsoft’s $69 billion takeover bid for Activision Blizzard, despite previous opposition from the British competition regulator. However, the deal still faces challenges in the United States, where the Federal Trade Commission (FTC) has taken legal action to block it. Microsoft’s bid for Activision Blizzard aims to create the world’s …
The US Federal Trade Commission is currently seeking to impede Microsoft’s acquisition of Activision Blizzard by requesting a temporary restraining order and injunction from a federal district court before the deal deadline on July 18. The FTC has raised concerns that Microsoft’s acquisition could potentially lead to monopolistic practices, favoring Xbox consoles at the expense …
In recent years, the world has witnessed a surge in scams, particularly those based on text messages. These scams have been prevalent in multiple countries, including India, but a new report suggests that American consumers have lost millions of dollars due to SMS scams. According to the FTC’s Consumer Sentinel database, text message scams cost …