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FTC likely to file lawsuit to block Microsoft’s $69 bln bid for Activision : stocks

by Index Investing News
November 24, 2022
in Stocks
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The U.S. Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsoft Corp’s $69 billion takeover bid for video game publisher Activision Blizzard Inc, Politico reported on Wednesday.

A lawsuit challenging the deal is not guaranteed, and the FTC’s four commissioners have yet to vote out a complaint or meet with lawyers for the companies, the report said, citing two of the three people with knowledge of the matter.



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