Activision Blizzard ‘won’t hesitate to fight’ to defend Microsoft’s acquisition | VGC

Activision Blizzard has said it “won’t hesitate to fight” to defend Microsoft’s acquisition of the company, amid reports the $69 billion deal could be the subject of a US legal challenge

Executive vice president for corporate affairs and CCO Lulu Cheng Meservey took to Twitter to address “speculation” regarding the ongoing antitrust investigations currently being carried out by various global regulators.“Any suggestion that the transaction could have anticompetitive effects is absurd.“This merger will benefit gamers and the US gaming industry — especially as we face stiffer competition from abroad.

“We’re committed to continuing to work cooperatively with regulators around the globe to allow the transaction to proceed, but won’t hesitate to fight to defend the transaction if that’s needed.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

VGC_News /  🏆 125. in UK

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Report says US government will 'likely' challenge Microsoft buying Activision BlizzardMicrosoft's acquisition of Activision Blizzard could be facing more trouble.
Read more »

Sony claims Xbox’s Activision deal could ‘hurt developers and lead to price rises’ | VGCSony has claimed Microsoft's Activision Blizzard deal could hurt developers and lead to price rises in a new response to the UK regulator.
Read more »

Xbox and PlayStation don’t expect to launch new consoles until at least 2028, documents reveal | VGCXbox and PlayStation don’t expect to launch new consoles until at least 2028, documents have revealed
Read more »

FTC ‘likely to file antitrust lawsuit’ to block Microsoft’s Activision deal, report claims | VGCThe Federal Trade Commission is “likely to file an antitrust lawsuit,” to block Microsoft’s takeover of Activision Blizzard, according to a report in Politico citing three sources with knowledge of the matter.
Read more »

US competition regulator 'likely' to challenge Microsoft-Activision dealThe US' Federal Trade Commission is 'likely' to file an antitrust lawsuit against Microsoft's proposed acquisition of A…
Read more »

Sony dunks on Battlefield series in Microsoft Activision merger bidSony has dunked on EA's Battlefield series in its arguments against Microsoft's buyout of Activision Blizzard. In docum…
Read more »