The United States Federal Trade Commission (FTC) seeks to block Microsoft Corp.’s acquisition of Activision Blizzard, Inc.
Earlier this year, Satya Nadella, Chairman and CEO, Microsoft stated over its acquisition of Activision Blizzard that “Gaming is the most dynamic and exciting category in entertainment across all platforms today and will play a key role in the development of metaverse platforms.”
FTC “Halt” Microsoft’s Metaverse Deal
In its press releases published on Dec. 8, 2022, FTC announced that it is halting the acquisition of leading video game developer, Activision Blizzard, Inc., along its world-famous gaming franchises like Call of Duty.
#BREAKING: FTC seeks to block Microsoft Corp.’s acquisition of Activision Blizzard, Inc.: https://t.co/ukewjn6MUX /1
— FTC (@FTC) December 8, 2022
Holly Vedova, Director of the FTC’s Bureau of Competition, said “Microsoft has already shown that it can and will withhold content from its gaming rivals. Today we seek
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