FTC suing to block Microsoft's $69bn Activision Blizzard acquisition
UPDATE 8pm: Microsoft has responded to the FTC’s announcement of a lawsuit to block its $69bn acquisition of Activision Blizzard.
“We continue to believe that this deal will expand competition and create more opportunities for gamers and game developers,” Microsoft’s vice chair and president Brad Smith said in a statement. “We have been committed since Day One to addressing competition concerns, including by offering earlier this week proposed concessions to the FTC.”
“While we believed in giving peace a chance,” Smith concluded, “we have complete confidence in our case and welcome the opportunity to present our case in court.”
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