business news Microsoft Activision Blizzard: Four US Senators Want Comprehensive Acquisition Review, Blizzard Reacts
Scheduled to end in the summer of 2023, the deal between Microsoft and Activision Blizzard has taken a new turn since four senators became involved in the case. They sent a letter to the director of the FTC, the body in charge of studying the file to ensure its compliance with competition law.
- A benign acquisition?
- The 18 million agreement validated by a judge
A benign acquisition?
Formalized on January 18, Microsoft’s $68.7 billion acquisition of Activision Blizzard has yet to come to fruition. Proof of this is the letter addressed to the Federal Trade Commission (FTC), the body in charge of validating compliance or not with the Antitrust laws by Senators Elizabeth Warren, Bernie Sanders, Cory Booker and Sheldon Whitehouse. In this letter that could have been read by the Washington Postsenators ask the FTC to take a more serious look at this acquisition to see if she couldAggravating Wave of Sexual Abuse, Harassment and Retaliation Allegations at Activision Uncovered in Recent Federal Investigations“.
On this subject, a company spokesperson responded as a result of this speech by the senators. In particular, it states that the company is committed to creating a safe and fair work environment for its employees and has mobilized significant resources to ensure the creation of a business model that will serve as a model in the industry, while reassuring about possible concerns. related to this acquisition:
The transaction between Microsoft and Activision Blizzard will not disrupt the various initiatives that management teams have implemented in 2021 and continue to implement in 2022 in hopes of improving their workplace. Activision Blizzard management discussed these goals with Microsoft, who reviewed and approved them.
The 18 million agreement validated by a judge
In addition, the spokesperson is based on the very recent conclusion of one of the multiple legal cases involving Activision Blizzard. In September 2021, the EEOC (a US federal agency dedicated to equal employment opportunities) decided to file a complaint against the company for sexual harassment and sexism. In the process, the two parties reach an agreement that commits Activision Blizzard create an $18 million fund to compensate plaintiffs while serving as a resource for associations that promote women in the video game industry. An agreement validated this week by a judge reports eurogamer.
Still, as mentioned above, the transaction between Activision Blizzard and Microsoft is not finalized and will take some time as it is the Federal Trade Commission who should take care of the file. An independent government agency that wants to protect consumer rights. At its head is Rachel Khan, an American law professor specializing in competition law. and fierce criticism of GAFAM (Google, Amazon, Facebook, Apple and… Microsoft) for the monopoly it constitutes. It is she who must examine the file, the completion of which should arrive no later than the summer of 2023.
By charlanmhgEditorial jeuxvideo.com