The FTC opposes The Blizzard acquisition by Microsoft. According to S. Nadella, the company’s chief executive officer and chairman.
Activision Blizzard’s acquisition by Microsoft is going to become the main part of the improvement of computer universe services.
The FTC’s reaction to the recent news
After the Federal Trade Commission of the United States intervened in the new Microsoft acquisition deal, the tech giant’s effort to purchase the Blizzard company met an unexpected level of resistance.
Although the decision, initially intended to construct a computer universe enterprise, was widely accepted.
In order to encourage honest competition on the market, especially in high-budget gameplay projects and gaming setups production, the FTC is looking for a way to prevent the tech company from acquiring the gaming giant.
In contrast, S. Nadella, the CEO and chairman of Microsoft, had earlier stated that the purchase is going to become the main cornerstone in the improvement of computer universe services.
In a late objection, the FTC stated that the world technology corporations have collaborated to take control over the whole game-related market with the help of their gaming setups and that purchasing the most famous Blizzard is going to strengthen Microsoft’s position in the market.
The future development of the crypto-based computer universe is now at risk.
The comments of FTC and market giants
Director of the FTC’s department H. Vedova, mentioned that the company’s history of buying ZeniMax and restricting the release of well-known games is going to really help improve the corporation’s status on the market.
It was also added that the tech giant has demonstrated that it is capable of and willing to compete fearlessly with its market rivals.
Microsoft’s metaverse initiatives, however, are also indirectly impacted by FTC worries. The regulatory department created a suit against the internet media top corporation Meta in July, asserting that its main aim is to possess everything that is connected to the Metaverse in any way.
As it acquires more companies, more users, content, and developers, the tech giant shows a tendency to grow more influential.
In addition, its competitors are becoming weak and incapable of showing serious resistance, as was claimed in the FTC statement.
Meta’s stakeholders requested that the company has to decrease its annual investing funds in other companies this Fall.
Even by Silicon Valley standards, Gerstner claims investing $100 billion or more is too intimidating and challenging.
