FTC moves to block $69 billion Microsoft-Activision deal
CBSN
Federal regulators are seeking to block Microsoft's proposed purchase of video game powerhouse Activision Blizzard, the Federal Trade Commission said Thursday. The $69 billion deal — the largest ever for Microsoft and for the gaming industry as a whole — would undermine competition for the software giant's Xbox gaming console, the agency said.
"Microsoft has already shown that it can and will withhold content from its gaming rivals," Holly Vedova, director of the FTC's Bureau of Competition, said in a statement.
The FTC cited Microsoft's recent purchase of ZeniMax, parent company of software developer Bethesda Softworks, after which Microsoft decided to make several Bethesda titles, including Starfield and Redfall, exclusive to its consoles.
