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FTC Files Complaint Against Microsoft After Activision Layoffs

2024-02-08 949 Dailymotion

FTC Files Complaint Against Microsoft , After Activision Layoffs.<br />FTC Files Complaint Against Microsoft , After Activision Layoffs.<br />On Jan. 30, Microsoft's gaming division laid off <br />1900 people, including at Activision Blizzard. .<br />Now, the Federal Trade Commission (FTC) <br />has accused Microsoft of not upholding its promise <br />to let Activision operate independently after being <br />acquired for $69 billion, Engadget reports. .<br />Now, the Federal Trade Commission (FTC) <br />has accused Microsoft of not upholding its promise <br />to let Activision operate independently after being <br />acquired for $69 billion, Engadget reports. .<br />Microsoft’s recently-reported plan to <br />eliminate 1,900 jobs in its video game <br />division, including in its newly-acquired <br />Activision unit, contradicts the foregoing <br />representations it made to this Court, FTC, via complaint.<br />Specifically, Microsoft reportedly has stated <br />that the layoffs were part of an 'execution <br />plan' that would reduce 'areas of overlap' <br />between Microsoft and Activision, , FTC, via complaint.<br />... which is inconsistent with <br />Microsoft’s suggestion to this Court <br />that the two companies will operate <br />independently post-merger, FTC, via complaint.<br />Microsoft previously suggested that layoffs <br />wouldn't need to be made if its "vertical acquisition" <br />of Activision was approved because there would <br />be no job redundancies, Engadget reports. .<br />Microsoft previously suggested that layoffs <br />wouldn't need to be made if its "vertical acquisition" <br />of Activision was approved because there would <br />be no job redundancies, Engadget reports. .<br />The FTC has asked for a temporary acquisition <br />pause so that it can further investigate. .<br />The agency has continually challenged the acquisition since it was approved by the U.K.'s Competition and Markets Authority last year.<br />If the FTC continues to push its antitrust concerns, it's possible that Microsoft could be forced to <br />divest Activision Blizzard, Engadget reports. .<br />6,000 video game workers have already <br />been laid off across the industry this year.<br />Last year, about 10,500 were laid off.

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