Activision Blizzard's CEO Says Acquisition by Microsoft Will Take Place Despite FTC Efforts
08 Dezembro 2022 - 5:49PM
Dow Jones News
By Sabela Ojea
Activision Blizzard Inc.'s purchase by Microsoft Corp. will go
through despite the U.S. Federal Trade Commissions's plans to block
the deal, the video-game developer's Chief Executive Bobby Kotick
said.
The FTC sued tech giant Microsoft on Thursday to stop the
pending $75 billion acquisition of Activision Blizzard, claiming
that it could harm competition in high-performance gaming console
and subscription services.
However, Mr. Kotick believes the allegation doesn't align with
the facts.
"We believe we'll win this challenge," he said.
The acquisition of Activision Blizzard by Microsoft would be the
largest deal in the video gaming industry, according to the
FTC.
Activision Blizzard owns gaming franchises such as Call of
Duty.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 08, 2022 15:34 ET (20:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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