Thursday, March 30

Microsoft shares fell after news that the US Trade Commission will review agreement with Activision


In a bid to tighten merger guidelines, the CFC and the Justice Department jointly said last month that industries had become increasingly concentrated and that an increase in merger filings in 2020 and 2021 indicated that the situation would worsen.

Days after, The CFC voted unanimously to sue to block the proposed $4.4 billion purchase of rocket motor maker Aerojet Rocketdyne Holdings by weapons company Lockheed Martin. for antitrust reasons.

Microsoft, Activision and the CFC did not immediately respond to Reuters requests for comment.

The operation announced by Microsoft in January is the largest in its history and would become the largest cash acquisition in history. It would also strengthen Microsoft’s firepower in the burgeoning market for video game, where he faces the leaders Tencent Holdings y Sony Group.

For its part, Sony announced on Monday that it will acquire Bungie, original creator of the “Halo” video game and developer of “Destiny,” in a deal valued at $3.6 billion, the latest in a wave of consolidations in the video game industry.

Microsoft has so far avoided the kind of scrutiny Alphabet Inc and Meta Platforms Inc have faced, but this deal, which would make it the third-largest games will put the Xbox maker on lawmakers’ radar, Andre Barlow of the law firm Doyle, Barlow & Mazard LLC said after the deal was announced.



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