Microsoft, which is based in Redmond, Washington, said it followed IRS rules and will appeal the decision within the agency.
Updated:WASHINGTON — Microsoft completed its purchase of video game-maker Activision Blizzard for $69 billion on Friday, closing one of the most expensive tech acquisitions in history that could have repercussions across the video game industry.
“The FTC continues to believe this deal is a threat to competition,” said FTC spokesperson Victoria Graham on Friday. last month to a revamped Microsoft proposal meant to address concerns that the deal would harm competition and hurt gamers, especially in the emerging cloud gaming market where players can avoid buying pricey consoles and stream games to their tablets or phones.
To get the U.K.’s approval, Microsoft will sell off European cloud streaming rights for all current and new Activision games released over the next 15 years to French game studio Ubisoft Entertainment.
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