FTC Continues to Challenge Microsoft's Activision Buyout

The Federal Trade Commission (FTC) has announced its intention to challenge Microsoft's $69 billion buyout of Activision in an adjudicative process, despite the deal receiving approval from the European Commission. While this move will not delay the deal, it could potentially result in Microsoft having to sell off parts of the gaming company. Microsoft remains unconcerned about the challenge and expects the purchase to proceed. The FTC's in-house hearing will begin after the Ninth Circuit issues an opinion on the appeal.