Federal Trade CommissionThe Federal Trade Commission is seeking to block technology giant Microsoft Corp.
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FTC Sues to Block Microsoft Acquisition of Activision Blizzard
In a 3-to-1 vote, the Federal Trade Commission has approved a lawsuit intended to block Microsoft's proposed $69 billion acquisition of Activision Blizzard, citing potential harm to consumers due to concerns of exclusivity. With this, the case will now be heard before a federal judge, who will hear arguments from both sides before making a final decision to block or allow the merger.
