| manuchandel | Date: Thursday, 29-December-2022, 12:36 PM | Message # 1 |
-- dragon lord--
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| Microsoft-Activision deal: Gamers sue to stop merger
By Monica Miller
BBC News, Singapore
Microsoft faces legal action from 10 gamers to block its merger with Call of Duty maker Activision Blizzard.
The lawsuit filed in a US federal court says the $69bn (£56bn) deal by the Xbox console maker to purchase its rival will "create a monopoly in the video game industry".
The complaint comes two weeks after US regulators filed a case with an administrative judge to block the deal.
The merger would be the largest tech deal ever in the video gaming market.
The proposed acquisition would give Microsoft "far-outsized market power in the video game industry," according to the complaint "with the ability to foreclose rivals, limit output, reduce consumer choice, raise prices, and further inhibit competition."
However, Microsoft is defending the proposed acquisition. "This deal will expand competition and create more opportunities for gamers and game developers as we seek to bring more games to more people," according to a spokesman.
Read more/full article/source - https://www.bbc.com/news/business-64047809
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