Several US agencies have sent a letter to the US Federal Trade Commission (FTC) asking for a full review of Microsoft’s acquisition of Activision Blizzard.
It is reported that US officials are concerned about many issues related to the largest game company deal in history, up to nearly 70 billion USD, equivalent to more than 1.5 million billion VND.
The US authorities believe that the merger transaction may lead to excessive concentration of market power, threaten privacy and data security, affect the rights and interests of consumers, affect the employee salaries and other matters. They asked the FTC to “thoroughly investigate” the deal.
The group said there has been a worrying consolidation trend in the gaming industry over the past few years and said such mergers allow Microsoft to continue acquiring major game studios and publishers. This can hurt consumers and put the staff community, players at risk of data.
In addition, the group also expressed concern that this agreement may affect some Activision Blizzard employees. Groups protesting and asking authorities to reconsider Microsoft’s acquisition of Activision include Citizens, the Center for Digital Democracy, the American Media Society, the Public Knowledge Association, and the American Economic Freedom Project Ky, etc.
The group strongly urges the FTC to conduct a comprehensive review of the transaction to ensure an open, fair and competitive market.
Meanwhile, Activision Blizzard’s revenue saw $2.16 billion in net sales, down from $2.41 billion in 2020. For the full year, reporting 8. $8 billion for the year ended December 31, 2021, up from an estimated $8.09 billion the year before. Breaking it down a bit, $7.66 billion of that total net revenue came entirely from digital sources.