The US antitrust review of Microsoft’s $68.7-billion (roughly Rs. 5,10,990 crore) proposed acquisition of Call of Duty maker Activision Blizzard will reportedly be handled by the US Federal Trade Commission (FTC).
The US antitrust review of Microsoft’s $68.7 billion (roughly Rs.5,10,990 crore) proposed acquisition of Call of Duty maker Activision Blizzard Inc will be handled by the Federal Trade Commission (FTC), Bloomberg News reported late on Monday, citing a person familiar with the matter. The FTC, instead of the Justice Department, will investigate whether the takeover will harm competition, the report said. In a bid to toughen merger guidelines, the FTC and the Justice Department had last month jointly said that industries had become increasingly concentrated and a surge in merger filings in 2020 and 2021 signaled the situation will worsen.
