The Federal Trade Commission plans to seek an emergency court order that would block Microsoft from closing its $75 billion deal for Activision Blizzard, according to a person familiar with the matter. The FTC plans to file Monday for a temporary restraining order in federal court that would halt the companies from imminently clinching the deal, the person said. A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency will file for the request.
Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win.
The lawsuit marks Lina Khan’s most significant effort to date to address tech industry consolidation, and it could upend Microsoft’s gaming ambitions.
SANTA MONICA, Calif. (AP) — Video game maker Activision Blizzard is laying off nearly 800 workers as the company braces for a steep downturn in revenue following the best year […]
Vivendi SA, once the controlling shareholder in video-game maker Activision Blizzard Inc., is selling half of its remaining stake in an offering valued at more than $850 million.
