Big blow to Microsoft’s R1.2-trillion Activision Blizzard takeover

“We continue to believe that this deal will expand competition and create more opportunities for gamers and game developers,” said Microsoft President Brad Smith.

Activision shares fell 1.5% to $74.76 after falling as much as 3.9% earlier. Microsoft shares rose 1.2% to $247.40. The lawsuit is part of an effort by FTC Chair Lina Khan to more aggressively police mergers, particularly those by the biggest tech platforms. , a video games expert who teaches at New York University’s Stern School of Business, said antitrust authorities have become skeptical of pledges, particularly by the tech platforms, about future behaviour.“I don’t think it’s ultimately enough for the FTC to go on,” van Dreunen said of Microsoft’s pledge.

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