(may require registration or subscription) reports that the US Federal Trade Commission has filed a lawsuit
to prevent the EU from reaching a settlement with Microsoft over its contentious
$69 billion takeover of Activision Blizzard.
offers relief from Bloomberg's inexplicably hard paywall with some
details from the story:
Those close to the transaction told Bloomberg
that the FTC wasn’t expected to act until the spring, and that usually in these
situations it would wait until closer to a deadline to try and figure out
settlement terms that would be considered globally acceptable.
However, as Fried Frank Harris Shriver & Jacobson LLP’s antitrust head Barry
Nigro told Bloomberg, the FTC’s speedy lawsuit appears to be an attempt to “get
out in front of the Europeans in an effort to shape the narrative”.
In its official statement following the filing of the suit in December, the FTC
alleged that the deal would not only give Microsoft an upper hand in the console
market, but also in other areas such as subscription gaming and cloud