In a new signal that FTC is not giving up on reversing
#ActivisionBlizzard acquisition in the future, the regulator wrote to the 9th Circuit of Appeal Court that Microsoft contradicted on its promise that both Microsoft & ABK will operate independently post-merger.
All this as a result of the recent layoff at Microsoft Gaming that also included redundant jobs and the eSport department of Activision Blizzard.
After failing to win a Preliminary Injunction in Summer 2023, FTC has said that it will continue its inner process that if successful (an uphill road at best as per observers), could force Microsoft to divest ABK, but either way the process could take years.
There is a chance that if by 2024 US Elections, there is a change in FTC administration and a republican one takes over, the FTC could abandon the efforts.
The FTC under Biden Administration, has grown intolerant on mergers that means big companies just becoming bigger but, the low success rate has been questioned by Congress with tax money being used just to fail and FTC requesting more funding regardless.
Meanwhile, Microsoft has denied FTC's accusation on the
#ABK independence promise post-merger, indicating that Activision was already on plans for running layoffs before the deal's closure is incorrect to fully attribute to Microsoft Gaming's process.
#Gaming #GameNews #youtubegaming 🕹🎮
In a new signal that FTC is not giving up on reversing #ActivisionBlizzard acquisition in the future, the regulator wrote to the 9th Circuit of Appeal Court that Microsoft contradicted on its promise that both Microsoft & ABK will operate independently post-merger.
All this as a result of the recent layoff at Microsoft Gaming that also included redundant jobs and the eSport department of Activision Blizzard.
After failing to win a Preliminary Injunction in Summer 2023, FTC has said that it will continue its inner process that if successful (an uphill road at best as per observers), could force Microsoft to divest ABK, but either way the process could take years.
There is a chance that if by 2024 US Elections, there is a change in FTC administration and a republican one takes over, the FTC could abandon the efforts.
The FTC under Biden Administration, has grown intolerant on mergers that means big companies just becoming bigger but, the low success rate has been questioned by Congress with tax money being used just to fail and FTC requesting more funding regardless.
Meanwhile, Microsoft has denied FTC's accusation on the #ABK independence promise post-merger, indicating that Activision was already on plans for running layoffs before the deal's closure is incorrect to fully attribute to Microsoft Gaming's process.
#Gaming #GameNews #youtubegaming 🕹🎮
