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Image: Microsoft
Sources with Bloomberg have learned that the U.S. antitrust review of Microsoft’s proposed acquisition of Activision Blizzard, one of the biggest developers in the gaming industry, will be overseen by the Federal Trade Commission (FTC) instead of the Justice Department.
While both agencies bear the responsibility of enforcing the country’s antitrust laws, the FTC has won the privilege of leading the charge on investigating whether the terms of Microsoft’s pricey deal, which is valued at $68.7 billion, might harm competition in the lucrative video games industry.
The proposed acquisition is expected to undergo severe scrutiny based on what the FTC and its chair, Lina Khan, have recently dished out against other corporate giants that have attempted major takeovers.
“FTC Chair Lina Khan has long advocated for a more forceful approach to...
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