Activision Blizzard falls as FTC says it is suing to stop Microsoft's takeover of the gaming giant

Dec 8 2022 by Business Insider

 

Reuters

Activision Blizzard shares fell as the FTC announced it will sue to stop Microsoft from acquiring the video game giant. Activision agreed to be bought by Microsoft in January for $69 billion. The deal would harm competition in the gaming industry, the FTC said in a statement on Thursday.

Activision Blizzard stock fell on Thursday after the Federal Trade Commission announced it is suing to stop Microsoft's multi-billion dollar takeover of the video game giant. 

Shares of the company...

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