Microsoft and Activision-Blizzard may never merge. The FTC is preparing to file an antitrust complaint.
Presented as one of the biggest acquisitions of the decade, the acquisition of the Activision-Blizzard group by Microsoft is already in jeopardy. The Federal Trade Commission (FTC) filed a legal challenge to the proposed takeover this week, the site reported on Wednesday, November 23. Politico, which cites three sources familiar with the matter. Despite the agreement of the two CEOs Satya Nadella and Bobby Kotick, the American trade policeman does not see the affair very favorably.
Despite the Microsoft attempts to reassure investors, and Activision’s promise to challenge a possible FTC ruling. Last year, California had already filed a lawsuit against the Activision group for its toxic corporate culture. After several weeks of demonstrations, but no sanction from the leaders, Microsoft announced the takeover of the group for an amount of 69 billion. A merger that was not unanimous among investors.
On the side of Microsoft as well as Blizzard, we welcome this voted acquisition “legally and fairly“, which should be effective by the beginning of 2023. Unless the rumors are confirmed, and the FTC decides to sue the companies next month. This action could slow the sales process to a point of no return. Accused of wanting to nip the competition in the bud, the Redmond firm is nevertheless full of praise for its competitors, repeating to anyone who will listen that Call of Duty will remain on PS5 for several more years, and that no exclusivity Xbox on its recent acquisitions is to be expected at the moment.
Even Google opposes the takeover of Activision-Blizzard. The firm fears that this action will disrupt the entire balance of the video game market, by restraining certain competitors for profit. Information firmly denied by the principal concerned.