Did you receive a mail about a class action settlement concerning FTC continous challenge to Microsoft-Activision merger? This review will help you partake in the class action settlement after confirming the authenticity of the mail.
What Is FTC continous challenge to Microsoft-Activision merger lawsuit?
The Federal Trade Commission is seeking to block a $69 billion merger between Activision Blizzard and Microsoft.
The FTC said it believes the merger could harm competition in the gaming market. The FTC oversees trade in the United States.
The case is is In the Matter of Microsoft Corp. and Activision Blizzard Inc., File No. 2210077, before the U.S. Federal Trade Commission.
What Is This Class Action All About?
The Federal Trade Commission (FTC) seeks to block a $68.7 billion deal that would see Microsoft Corp. acquire game developer Activision Blizzard, stating the move could harm video game market competition.
In a complaint filed Dec. 8, the FTC said enforcers would attempt to block Microsoft from acquiring the game developer, which makes game franchise giants Call of Duty and World of Warcraft.
In the statement, FTC’s Bureau of Competition director Holly Vedova said Microsoft has a record of acquiring gaming content and using it to suppress competition, and the FTC sought to prevent this from happening again.
The FTC cited Microsoft’s acquisition of Bethesda Softworks and moves to make the developer’s titles exclusive to Xbox after promising not to.
“Microsoft has already shown that it can and will withhold content from its gaming rivals,” Vedova said.
“Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets.”
The Federal Trade Commission (FTC) disclosed it will continue requesting a preliminary injunction to suspend Microsoft’s acquisition of Activision Blizzard following a Ninth Circuit decision to allow the tech giant to close its planned $68.7 billion purchase.
The Ninth Circuit and a district court both refused to impose temporary injunctions on the planned acquisition amid the FTC appeal. The FTC had been silent on what it planned to do next following the Ninth Circuit and district court’s decision last month to refuse to halt the merger.
The commission argues Microsoft would be incentivized to hinder Sony Playstation’s access to popular Activision video games, particularly its “Call of Duty” franchise.
Who Is Eligible?
This settlement concerns all persons who agrees or has an opinion about the Microsoft, Activision Blizzard merger
How To Be Part of This Settlement
To partake in this settlement, class member must submit a valid and timely claim on the settlement website.
What Is The Pay For This Settlement?
The pay for this settlement varies and the proof of purchase is not necessary.
Conclusion
As you submit your claim to the settlement website, just like Hawaiian Electric’s power lines class action settlement we have reviewed, you’re doing so under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim.
