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2/1, 4:38 PM (Source: TeleTrader)
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FTC to review Microsoft-Activision deal - report

United States Federal Trade Commission (FTC) will review the $68.7 billion acquisition of Activision Blizzard Inc. by Microsoft Corp., The Wall Street Journal reported on Tuesday.

The agency will look into the effects of the deal on market competition, an anonymous source familiar with the matter told the news organization.

When announcing the agreement, the two companies said they expect to finalize the agreement in the fiscal year 2023.

Baha Breaking News (BBN) / MS