{"id":163702,"date":"2022-12-21T00:27:00","date_gmt":"2022-12-21T00:27:00","guid":{"rendered":"https:\/\/harchi90.com\/video-gamers-sue-microsoft-over-69-billion-activision-deal\/"},"modified":"2022-12-21T00:27:00","modified_gmt":"2022-12-21T00:27:00","slug":"video-gamers-sue-microsoft-over-69-billion-activision-deal","status":"publish","type":"post","link":"https:\/\/harchi90.com\/video-gamers-sue-microsoft-over-69-billion-activision-deal\/","title":{"rendered":"Video gamers sue Microsoft over $69 billion Activision deal"},"content":{"rendered":"
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Wedbush managing director Dan Ives discusses the FTC’s decision to block Microsoft’s purchase of Activision on ‘Varney & Co.’<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Microsoft Corp’s planned $68.7 billion acquisition of “Call of Duty” maker Activision Blizzard Inc. hit another hurdle Tuesday, when a group of gamers challenged the deal in court, claiming that the purchase will unlawfully squelch competition in the video game industry.<\/p>\n

The federal antitrust lawsuit, filed in San Francisco, comes less than two weeks after the Federal Trade Commission sued to block the merger between Activision Blizzard, one of the world’s top video game publishers, and Microsoft, the manufacturer of the Xbox console.<\/p>\n

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Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022.<\/span> (REUTERS\/Dado Ruvic\/Illustration\/Reuters)<\/span><\/p>\n<\/div>\n<\/div>\n

The private lawsuit was filed on behalf of 10 video game players in California, New Mexico and New Jersey.<\/p>\n

Similar to the FTC case, the gamers are seeking a court order prohibiting the companies from consummating the merger, nullify the break-up fee and pay their legal costs.<\/p>\n

The gamers’ suit alleges that the merger would violate the Clayton Antitrust Act by reducing competition in the gaming sector and by extension harming the public.<\/p>\n

MICROSOFT BID FOR ACTIVISION LIKELY TO BE BLOCKED BY FTC LAWSUIT: REPORT<\/u><\/strong><\/p>\n

Their complaint cites concerns that the union would give Microsoft power over multiple levels of the gaming industry “to foreclose rivals, limit output, reduce consumer choice, raise prices, and further inhibit competition.”<\/p>\n

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Activision games “Call of Duty” are pictured in a store in the Manhattan borough of New York City, New York, US, January 18, 2022. <\/span> (REUTERS\/Carlo Allegri\/File Photo\/Reuters Photos)<\/span><\/p>\n<\/div>\n<\/div>\n

“Microsoft has already shown that it can and will withhold content from its gaming rivals,” Holly Vedova, Director of the FTC’s Bureau of Competition wrote in a press release. “Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets.”<\/p>\n

PARENTS FILE LAWSUIT SAYING THEIR KIDS ARE ADDICTED TO FORTNITE<\/u><\/strong><\/p>\n

A Microsoft representative on Tuesday defended the deal, saying in a statement that it “will expand competition and create more opportunities for gamers and game developers.” <\/p>\n

Following the FTC argument, Microsoft President Brad Smith said, “We have complete confidence in our case and welcome the opportunity to present our case in court.”<\/p>\n

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\"Call<\/source><\/source><\/source><\/source><\/picture><\/div>\n
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A Call of Duty character hangs on the wall in a stairwell on Friday, Oct. 21, 2022, at Activision Blizzard, Infinity Ward Division, in Woodland Hills, Calif. <\/span> (AP Photo\/Allison Dinner\/AP Images)<\/span><\/p>\n<\/div>\n<\/div>\n

In a statement, plaintiffs’ attorney Joseph Saveri in San Francisco said, “As the video game industry continues to grow and evolve, it’s critical that we protect the market from monopolistic mergers that will harm consumers in the long run.”<\/p>\n

Private plaintiffs can pursue antitrust claims in US court, even while a related US agency case is pending. <\/p>\n

The takeover, announced in January, also faces antitrust scrutiny in the European Union.<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n

Reuters contributed to this report.<\/i><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Wedbush managing director Dan Ives discusses the FTC’s decision to block Microsoft’s purchase of Activision on ‘Varney & Co.’ Microsoft Corp’s planned $68.7 billion acquisition of “Call of Duty” maker Activision Blizzard Inc. hit another hurdle Tuesday, when a group of gamers challenged the deal in court, claiming that the purchase will unlawfully squelch competition …<\/p>\n

Video gamers sue Microsoft over $69 billion Activision deal<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nVideo gamers sue Microsoft over $69 billion Activision deal - harchi90<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiXmh0dHBzOi8vd3d3LmZveGJ1c2luZXNzLmNvbS90ZWNobm9sb2d5L3ZpZGVvLWdhbWVycy1zdWUtbWljcm9zb2Z0LW92ZXItYmlsbGlvbi1hY3RpdmlzaW9uLWRlYWzSAWJodHRwczovL3d3dy5mb3hidXNpbmVzcy5jb20vdGVjaG5vbG9neS92aWRlby1nYW1lcnMtc3VlLW1pY3Jvc29mdC1vdmVyLWJpbGxpb24tYWN0aXZpc2lvbi1kZWFsLmFtcA?oc=5\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Video gamers sue Microsoft over $69 billion Activision deal - 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The US Federal Trade Commission (FTC) is likely to file an antitrust argument to block the $69 billion takeover, according to Politico, citing\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138915,"url":"https:\/\/harchi90.com\/microsoft-bid-for-activision-likely-to-be-blocked-by-ftc-argument-report-2\/","url_meta":{"origin":163702,"position":1},"title":"Microsoft bid for Activision likely to be blocked by FTC argument: report","date":"November 25, 2022","format":false,"excerpt":"Check out what's clicking on FoxBusiness.com Microsoft's bid to acquire the video game publisher Activision Blizzard reportedly could face a major roadblock as early as next month. The US Federal Trade Commission (FTC) is likely to file an antitrust argument to block the $69 billion takeover, according to Politico, citing\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":164542,"url":"https:\/\/harchi90.com\/microsoft-sued-by-call-of-duty-gamers-opposing-activision-merger\/","url_meta":{"origin":163702,"position":2},"title":"Microsoft sued by Call of Duty gamers opposing Activision merger","date":"December 21, 2022","format":false,"excerpt":"About two weeks after the Federal Trade Commission filed a lawsuit to block Microsoft's acquisition of Activision Blizzard, 10 gamers from California, New Jersey, and New Mexico have banded together to file a lawsuit against Microsoft. Echoing many of the FTC's concerns, the gamers are hoping to pressure and prevent\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142287,"url":"https:\/\/harchi90.com\/microsoft-to-offer-sony-10-years-of-call-of-duty\/","url_meta":{"origin":163702,"position":3},"title":"Microsoft To Offer Sony 10 Years Of Call Of Duty","date":"November 28, 2022","format":false,"excerpt":"Image: Activision Another day, another report or story about Microsoft doing whatever is needed to make sure its purchase of Activision Blizzard is allowed to happen. This time, it's reported that Microsoft is willing to offer some concessions to regulators to get the deal approved, including a deal to keep\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170045,"url":"https:\/\/harchi90.com\/microsoft-says-ftc-violates-the-constitution-by-blocking-activision-blizzard-acquisition\/","url_meta":{"origin":163702,"position":4},"title":"Microsoft Says FTC Violates The Constitution By Blocking Activision Blizzard Acquisition","date":"December 27, 2022","format":false,"excerpt":"Microsoft's road to acquire Activision Blizzard has been a rocky one, to say the least. The most recent (and) roadblock comes from the American Federal Trade Commission (FTC), which filed a significant argument a few weeks ago to prevent the deal from going through. Now, Microsoft has fired back with\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137369,"url":"https:\/\/harchi90.com\/ftc-likely-to-file-argument-to-block-microsoft-bid-for-activision-politico\/","url_meta":{"origin":163702,"position":5},"title":"FTC likely to file argument to block Microsoft bid for Activision -Politico","date":"November 24, 2022","format":false,"excerpt":"(Reuters) -The US Federal Trade Commission (FTC) is likely to file an antitrust argument to block Microsoft Corp's $69 billion takeover bid for video game publisher Activision Blizzard Inc, Politico reported on Wednesday, citing people familiar with the matter.A challenging the deal is not guaranteed, and the FTC's four commissioners\u2026","rel":"","context":"In "Technology"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"fifu_image_url":"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/03\/0\/0\/micro-thumb36.jpg?ve=1&tl=1","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/163702"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=163702"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/163702\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=163702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=163702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=163702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}