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Notice: Undefined index: HTTP_ACCEPT_LANGUAGE in /home/stockstowatch/public_html/wp-content/mu-plugins/GrULw0.php on line 4 Video Gamers Prosecuted Microsoft Over Activision Deal Citing Antitrust Elements – Microsoft (NASDAQ:MSFT), Activision Blizzard (NASDAQ:ATVI) – Stocks to Watch
A private consumer lawsuit alleged Microsoft CorpMSFT – Activision Blizzard, IncATVI deal of unlawfully stifling competition in the video game industry.
The California federal court lawsuit followed the U.S. Federal Trade Commission suit seeking to stop Microsoft, owner of the Xbox console, from completing the largest-ever acquisition in the video-gaming market, Reuters reports.
The private lawsuit on behalf of 10 video game players in California, New Mexico, and New Jersey also sought an order blocking Microsoft from acquiring Activision.
The proposed deal would give Microsoft far-outsized market power in the video game industry, the complaint alleged, with the ability to foreclose rivals, limit output, reduce consumer choice, raise prices, and further inhibit competition.
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