Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Brother Black fly's left hand clue delivery! CTOnews.com, Dec. 9 (Xinhua)-- the Federal Trade Commission (FTC) on Thursday sued technology giant Microsoft to stop its $75 billion acquisition of Activision Blizzard, alleging that the deal could hurt competition for high-performance game consoles and subscription services.

Activision Blizzard CEO Bobby Kotick said Microsoft's acquisition of the game developer would continue, although FTC plans to block the deal, according to the Wall Street Journal. Kotick believes that FTC's allegations are not consistent with the facts and believes that Microsoft will win the challenge.

CTOnews.com learned that this would be the largest acquisition in Microsoft's history and the largest in the video game industry. "Microsoft has demonstrated its ability and willingness to stop providing content to competitors in the gaming industry," Holly Vedova, director of FTC's antitrust bureau, said in a press release. "Today, we are trying to prevent Microsoft from gaining control of a leading independent game developer and using it to undermine competition in several fast-growing game markets."

Brad Smith, president and vice chairman of Microsoft, subsequently responded to FTC's legal challenge on Twitter. "We remain confident that this deal will boost competition and create more opportunities for gamers and developers," he said. "from day one, we have been committed to addressing antitrust concerns, including concessions to FTC earlier this week. While we believe peace should be given a chance, we are fully confident in the case and welcome the opportunity to present our case in court."

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