FTC opposes Microsoft’s metaverse-focused Activision Blizzard purchase
Microsoft’s attempt to acquire Activision Blizzard — a move originally aimed toward building Metaverse initiatives — hit a roadblock after an intervention by the United States Federal Trade Commission (FTC).Activision Blizzard would “play a key role in the development of metaverse platforms.
The FTC sought to block Microsoft from acquiring the gaming giant as a way to promote fair competition in high-performance gaming consoles and subscription services. However, Microsoft CEO and chairman Satya Nadella had previously stated that acquisition would “play a key role in the development of metaverse platforms. via XBOX and Play Station consoles — and acquiring Activision Blizzard would increase Microsoft’s power in the sector.
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