activision blizzard deal

The U.S. Federal Trade Commission on Thursday asked an appeals court to temporarily stop Microsoft's $69 billion acquisition of video game maker Activision Blizzard, hours after a federal judge rejected a similar request.The deal is facing varying responses around the world from regulators. WHAT IS THE ACTIVISION DEAL?Microsoft announced the Activision bid in January last year to boost its firepower in the booming videogaming market, take on leaders Tencent and Sony, and lay the base for its investment in metaverse and…

Microsoft on Wednesday faced its biggest challenge yet in its effort to buy US video game powerhouse Activision Blizzard, with the decision by the UK to block the deal.The transaction, which was expected to be finalized this year, would beef up Microsoft's muscle in the booming gaming market while playing to its strengths in software and cloud computing. Here are key things to know about the blockbuster transaction: - Video game titans -Buying Activision, the maker of "Call of Duty" and "Candy Crush", would make…