- Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Nvidia Corp (NASDAQ:NVDA) shared concerns over Microsoft Corp’s (NASDAQ:MSFT) acquisition of Activision Blizzard Inc (NASDAQ:ATVI) to the Federal Trade Commission, fueling regulatory worries over the deal.
- Google and Nvidia joined Sony Group Corp (NYSE:SONY) in raising issues with the $69 billion deal, which the FTC opposed in December, Bloomberg reports.
- The FTC argued that the deal would impede competition in the video game industry and has scheduled an in-house trial for August.
- Google and Nvidia provided information supporting Microsoft’s unfair advantage in the cloud, subscription, and mobile gaming market.
- Nvidia emphasized the need for equal and open access to game titles.
- Nvidia led the market for graphics cards prized by gamers and operates a streaming service called GeForce Now.
- Google competes with Microsoft in cloud-computing services.
- Google’s Android mobile operating system also is central to how millions of people play video games.
- Sony, whose PlayStation console competes with Microsoft’s Xbox, has previously argued that it sees the Activision deal as anti-competitive.
- Microsoft said it’s open to addressing concerns about the deal.
- Price Action: MSFT shares traded higher by 0.21% at $239.00 in the premarket on the last check Friday.
Microsoft-Activision Deal Faces More Challenges As Google And Nvidia Share Worries With FTC
Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Nvidia Corp (NASDAQ:NVDA) shared concerns over Microsoft Corp’s (NASDAQ:MSFT) acquisition of Activision Blizzard Inc (NASDAQ:ATVI) to the Federal Trade Commission, fueling regulatory worries over the…
