International Business Weekly
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Lifestyle
  • Sports
No Result
View All Result
International Business Weekly
No Result
View All Result
Home National

Date Set For First Hearing In FTC Lawsuit Against Microsoft

December 30, 2022
in National
0
Date Set For First Hearing In FTC Lawsuit Against Microsoft
Share on FacebookShare on Twitter


Reuters

The first pre-trial hearing in the Federal Trade Commission’s lawsuit against Microsoft has been scheduled for Jan. 3.

The FTC filed a lawsuit against Microsoft on Dec. 8 to stop the tech giant’s acquisition of Activision Blizzard. An access code and dial-in number are available to the public for the virtual proceeding.

Microsoft’s acquisition of Activision is currently under antitrust scrutiny by several regulatory bodies around the world. Microsoft argues that the deal won’t create a monopoly and has offered concessions such as a 10-year licensing deal to rivals Sony and Nintendo.

We have been committed since Day One to addressing competition concerns, including by offering earlier this week proposed concessions to the FTC. While we believe in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present it in court.

— Brad Smith (@BradSmi) December 8, 2022

Microsoft President Brad Smith said the deal “will expand competition and create more opportunities for gamers and game developers.”

Director Holly Vedova of the FTC’s Bureau of Competition says otherwise.

“Microsoft has already shown that it can and will withhold content from its gaming rivals,” said Vedova in a Dec. 8 statement. “Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets.”

Vedova referenced the company’s 2021 acquisition of ZeniMax Media Inc and the studios under its umbrellas. One of which was game developer Bethesda Softworks. Microsoft made several Bethesda titles exclusive to its gaming platforms after assuring antitrust authorities that they would remain cross-platform.

The European Commission’s investigation into the acquisition was opened on Nov. 8 and is currently ongoing. American gamers have also filed a lawsuit to stop Microsoft’s acquisition of Activision Blizzard.





Source link

Tags: DateFTCHearingLawsuitMicrosoftSet
Brand Post

Brand Post

I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Related Posts

Russian Officials Privately Mock Trump’s ‘Naïveté’ About Putin’s Real Goals, Intelligence Reports Reveal
National

Russian Officials Privately Mock Trump’s ‘Naïveté’ About Putin’s Real Goals, Intelligence Reports Reveal

February 26, 2026
Nvidia Survey Ahead of Q4 Earnings Reveal Growing Returns from AI Investments in Healthcare, Telecom Sectors
National

Nvidia Survey Ahead of Q4 Earnings Reveal Growing Returns from AI Investments in Healthcare, Telecom Sectors

February 25, 2026
Why 2026 Marks a Turning Point for AI in Sports and Beyond
National

Why 2026 Marks a Turning Point for AI in Sports and Beyond

February 24, 2026
Next Post
Romania Court Orders Influencer Andrew Tate Held For 30 Days

Romania Court Orders Influencer Andrew Tate Held For 30 Days

Exclusive-Drugmakers To Raise Prices On At Least 350 Drugs In U.S. In January

Exclusive-Drugmakers To Raise Prices On At Least 350 Drugs In U.S. In January

Tech-Heavy Nasdaq Declines, Underscoring Worst Year Since 2008

Tech-Heavy Nasdaq Declines, Underscoring Worst Year Since 2008

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ABOUT US

International Business Weekly is an American entertainment magazine. We cover business News & feature exclusive interviews with many notable figures

Copyright © 2026 - International Business Weekly

  • About
  • Advertise
  • Careers
  • Contact
No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel

Copyright © 2026 - International Business Weekly