Microsoft’s $68.7 billion deal is called off

While the court temporarily put a hold on Microsoft’s $68.7 billion acquisition of game company Activision Blizzard, the FTC stated that if the merger goes through, Microsoft will have a huge advantage over its competitors.

Last year, Microsoft began the process of acquiring Activision Blizzard, the producer of famous games such as Call of Duty, Diablo and World of Warcraft, with a budget of 68.7 billion dollars, and the operation was on the agenda as the largest operation in the digital gaming industry.

However, since last year, the US Federal Trade Commission has opposed the deal on several occasions, going to court, arguing that if it went through, it would greatly reduce competition in the industry.

COURT APPLICATION UNDER ANTITRUST LAW

The FTC stressed that if Microsoft takes over the game company under antitrust law, the Xbox game console you own will provide privileged access to major games produced by Activision Blizzard, and this will reduce competition and give Microsoft a noticeable advantage over its competitors.

The court judge accepted the FTC’s request and yesterday suspended the transfer agreement. If the acquisition goes through, Microsoft will become the world’s third-biggest gaming company in terms of revenue, after Tencent and Sony. (DHA)