The Federal Trade Commission is expected to ask for a preliminary injunction in federal court to stop Microsoft from completing its planned $69 billion acquisition of Activision (ATVI)
Colorful has revealed their new Geforce RTX 5050 line and claim a starting price of $250.00
Flight simulation hardware manufacturer Meridian provided an updated look at its controllers, which were originally announced back in March.
The Brazilian PlayStation Store has increased its game prices due to "challenging market conditions."
Looks like the deal isn't happening.
Microsoft President Brad Smith had this to say about the FTC’s recent actions:
"We welcome the opportunity to present our case in federal court. We believe accelerating the legal process in the U.S. will ultimately bring more choice and competition to the market."
Haha no you don't, you want to have them approve this deal without going to court. But of course, it wouldn't be a statement from Microsoft if it wasn't an obvious lie.
This doesn’t mean the deal won’t happen. These kinds of cases usually end with a settlement. Microsoft may have to spin off part of Activision as a separate company, sell studios to a competitor, or enter into a market access agreement with a competitor. But as a consumer, I don’t want the deal to happen. Competition is good for the video games industry just like it is good for all other industries.
Deal might not happen who knows.