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Microsoft Corp. executives are set to meet with US Federal Trade Commission Chair Lina Khan and other commissioners Wednesday to make its final case in favor of its deal to buy gaming studio Activision Blizzard Inc., a person familiar with the meetings said.
The antitrust agency is nearing a decision on the $69 billion deal, which would make Xbox-maker Microsoft into the No. 3 gaming company globally. A so-called last rite meeting between the companies and the FTC’s commissioners –- who make the final call and vote on any agency actions -– is often one of the last steps before either a lawsuit or a settlement are filed.
Microsoft President Brad Smith and other company executives are expected to attend the meetings, the person said, asking not to be named discussing the confidential probe.
The deal also requires antitrust approval from officials in the UK and the European Union, who have raised concerns that Microsoft could withhold popular game titles from rival systems, particularly from Sony Group Corp.’s Playstation.
European Commission Vice President Margrethe Vestager said Tuesday on the sidelines of a conference in Washington that the EU hasn’t started negotiating with the company over a possible remedy.
Microsoft to Meet with FTC Chair Lina Khan on Activision Deal (MSFT, ATVI) - Bloomberg
