Video gamers sue to stop Microsoft's Activision Blizzard buy

By AP News

Share:

In this article

  • Loading...
  • Want to see what you should be buying? Check out our top picks.

A group of video game players is suing to stop Microsoft from buying video game publisher Activision Blizzard, arguing that the $68.7 billion acquisition would stifle competition and reduce consumer choice

FTC Microsoft Activision Blizzard

SAN FRANCISCO (AP) — A group of gamers is suing to stop Microsoft from buying video game publisher Activision Blizzard, arguing that the $68.7 billion acquisition would stifle competition and reduce consumer choice.

The lawsuit was filed late Tuesday in a U.S. federal court in San Francisco on behalf of 10 individual gamers who are fans of Activision Blizzard's Call of Duty franchise and other popular titles such as World of Warcraft, Overwatch and Diablo.

Microsoft is facing a number of legal challenges as it tries to finalize what would be the priciest-ever merger of technology companies. The Federal Trade Commission earlier this month sued to block the takeover, saying it could suppress competitors to Microsoft’s Xbox game console and its growing games subscription business. Antitrust regulators in the United Kingdom and European Union are also investigating the deal.

Several of the plaintiffs in the private antitrust lawsuit said they play Activision Blizzard games on Sony’s PlayStation, the main rival to Microsoft’s Xbox. Others said they play them on personal computers, Xbox or Nintendo's Switch.

In response to the lawsuit, Microsoft said Wednesday that the merger “will expand competition and create more opportunities for gamers and game developers as we seek to bring more games to more people.”

Share:

In this article:

Industries:
Consumer Discretionary
Information Technology
Companies:
Activision Blizzard
Microsoft

Author: AP News

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Originally published by Associated Press Valuethemarkets.com, Digitonic Ltd (and our owners, directors, officers, managers, employees, affiliates, agents and assigns) are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above.

Sign up for VTM Updates

Form submitted successfully!