World trade fair forge of empires10/12/2023 ![]() The lawsuit was fought between the regulatory body and the corporate company in the US federal court where today the jury ultimately ruled that the deal is in no way detrimental and is instead beneficial for several parties involved. ![]() ![]() On the 12th of last month, that is, June of 2023, FTC filed a lawsuit against the corporate giant Microsoft in a bid to curb their $69 billion buyout of the esteemed game-developing company Activision Blizzard. Microsoft x FTC Lawsuit: Grounds for the lawsuit and eventual outcome As reported by The Verge, the judge had decided to deny the regulator’s request for a preliminary injunction. The same FTC had issued a lawsuit where the multinational tech corporation Microsoft for unfair acquisition, regarding their buyout of Activision Blizzard and has now lost the case in a court of law. The Federal Trade Commission, abbreviated as the FTC, is the United States of America‘s regulatory body that scrutinizes the country’s trade, acquisitions, and sales and monitors actions that might not be the best for the collective interest.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |