An antitrust review of Microsoft Corp's proposed acquisition of Activision Blizzard Inc will be handled by the U.S. Federal Trade Commission $(FTC.UK)$, Bloomberg News reported late on Monday, citing a person familiar with the matter.
The FTC will oversee the investigation into whether the takeover will harm competition, the report said.
Microsoft, Activision and FTC did not immediately respond to Reuters requests for comment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments