The US Federal Trade Commission is asking questions and is seeking additional data from Activision Blizzard and Microsoft related to the antitrust review of their merger. The statement was made within a regulatory filing on Monday filied by Microsoft.
This comes on as the developer continues to navigate the hurdles of it’s $68.7bn acquisition, amidst an ongoing campaign to alleviate regulators and lawsuits over the deal from shareholders including this one.
While the scrutiny continues, Microsoft will file for approval of the deal in 17 jurisdictions as outlined by the company’s president, Brad Smith last month.
This comes on the heels of other M&A activity happening in the video game industry, including Sony’s recent announcement of it’s Bungie acquisition, valued at $3.6bn.
Source: Reuters
[…] and added regulatory scrutiny, including a lawsuit filed by shareholders in February and the FTC requesting more data on the deal in […]