{"id":4406,"date":"2023-06-30T09:22:28","date_gmt":"2023-06-30T03:52:28","guid":{"rendered":"https:\/\/bscrackers.com\/?p=4406"},"modified":"2023-06-30T09:22:28","modified_gmt":"2023-06-30T03:52:28","slug":"microsofts-activision-buyout-could-result-in-reduced-competition-canada-says","status":"publish","type":"post","link":"https:\/\/bscrackers.com\/?p=4406","title":{"rendered":"Microsoft&#8217;s Activision Buyout Could Result In Reduced Competition, Canada Says"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"jsx-1647035624 article_headline\">\n<p class=\"jsx-1647035624\">Published By<!-- -->:  <span class=\"jsx-1647035624 article_postby\"><a href=\"https:\/\/www.news18.com\/byline\/shaurya-sharma.html\" target=\"_blank\" rel=\"noopener\"><span>Shaurya Sharma<\/span><\/a><\/span><\/p>\n<\/div>\n<div class=\"jsx-1647035624 article_headline\">\n<p class=\"jsx-1647035624\">Last Updated: <span style=\"color:#808080;text-transform:uppercase\" class=\"jsx-1647035624\">June 30, 2023, 09:22 IST<\/span><\/p>\n<\/div>\n<div class=\"jsx-1647035624 article_headline\">\n<p class=\"jsx-1647035624\"><span id=\"location_info\">Washington D.C., United States of America (USA)<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"display:flex;justify-content:space-between;background:#f3f3f3;padding:0 15px 10px 10px;border-bottom:5px solid #e1261c\">\n<div style=\"width:510px;padding-top:10px;position:relative;height:350px\" class=\"jsx-1647035624 article_bimg\">\n<figure style=\"line-height:0;width:510px;height:340px\" class=\"jsx-1647035624\"><img fetchpriority=\"high\" decoding=\"async\" alt=\"Microsoft is facing a tough time buying Activision. (Reuters)\" title=\"Microsoft is facing a tough time buying Activision. (Reuters)\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2021\/07\/1627283897_news18_logo-1200x800.jpg?impolicy=website&amp;width=510&amp;height=356\" loading=\"eager\" width=\"510\" height=\"340\" class=\"jsx-1647035624\"\/><\/figure>\n<p style=\"line-height:18px;position:absolute;bottom:0;background:linear-gradient(transparent,#000);left:0;right:0;margin-bottom:0;font-size:12px;color:#fff;padding:32px 10px 5px;min-height:55px\" class=\"jsx-1647035624 imageCaption\">Microsoft is facing a tough time buying Activision. (Reuters)<\/p>\n<\/div>\n<div style=\"width:359px;padding-top:10px\" class=\"jsx-1647035624 article_bnow_box\">\n<h2 style=\"min-height:24px;font-size:14px;line-height:24px;color:#3f3f3f;font-weight:400\" class=\"jsx-1647035624\">Canada&#8217;s Department of Justice has concluded that Microsoft&#8217;s deal to buy &#8220;Call of Duty&#8221; maker Activision Blizzard &#8220;is likely to&#8221; lead to less competition in some aspects of gaming, according to a court filing on Thursday.<\/h2>\n<\/div>\n<\/div>\n<div id=\"article_ContentWrap\">\n<div class=\"jsx-1647035624\">\n<p id=\"0\" class=\"story_para_0\">Canada\u2019s Department of Justice has concluded that Microsoft\u2019s deal to buy \u201cCall of Duty\u201d maker Activision Blizzard \u201cis likely to\u201d lead to less competition in some aspects of gaming, according to a court filing on Thursday.<\/p>\n<p id=\"1\" class=\"story_para_1\">In a letter dated Wednesday to Microsoft\u2019s U.S. lawyers, the department said it had communicated to Microsoft\u2019s and Activision\u2019s lawyers in Canada that the deal would likely lead to less competition in \u201cgaming consoles and multigame subscription services (as well as cloud gaming).\u201d<\/p>\n<p id=\"2\" class=\"story_para_2\">On Thursday, the letter was put on the docket of a U.S. federal court proceeding in which the U.S. Federal Trade Commission is asking a judge to temporarily stop the proposed transaction so that an FTC judge will have time to assesses it. Closing arguments in the proceeding are set for later on Thursday.<\/p>\n<p id=\"3\" class=\"story_para_3\">Microsoft has pressed for a decision in the court fight before the July 18 termination date for the deal. A ruling could come as early as next week.<\/p>\n<p><nonfly class=\"article_mad\" adunit=\"NW18_ENG_Desktop\/NW18_ENG_Tech\/NW18_ENG_Tech_AS\/NW18_ENG_TECH_AS_ROS_MID_728\" slotid=\"nw18-dynamic-div-8211127_3_7\" id=\"new_ad_4\"\/><\/p>\n<p id=\"4\" class=\"story_para_4\">In a statement, Microsoft said it was working with antitrust enforcers to address concerns.<\/p>\n<p><videocarousel\/><\/p>\n<p id=\"5\" class=\"story_para_5\">\u201cWe received notice from the Canada Competition Bureau that it would continue to monitor our acquisition of Activision Blizzard after the formal waiting period preventing the deal to close expired,\u201d a Microsoft spokesperson said.<\/p>\n<p id=\"6\" class=\"story_para_6\">Microsoft\u2019s bid to acquire the \u201cCall of Duty\u201d videogame maker also faces opposition from British competition authorities. Microsoft\u2019s appeal to Britain\u2019s Competition Appeal Tribunal is scheduled for July 28.<\/p>\n<p><i class=\"disclaimer-content\">(This story has not been edited by News18 staff and is published from a syndicated news agency feed &#8211; <a href=\"https:\/\/www.reuters.com\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>)<\/i> <\/div>\n<div class=\"jsx-1647035624 authorBox21 article_author\">\n<div class=\"jsx-1647035624 author_box\">\n<div class=\"author_box_inner\">\n<div class=\"img_box1 author_img\"><img decoding=\"async\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2022\/08\/shaurya-sharma.jpeg?impolicy=website&amp;width=70&amp;height=70\" class=\"lazyload\" alt=\"\"\/><\/div>\n<div class=\"text1 author_content\"><a class=\"smalldesc1 author_name\" href=\"https:\/\/www.news18.com\/byline\/shaurya-sharma.html\" target=\"_blank\" rel=\"noopener\"><span>Shaurya Sharma<\/span><\/a><\/p>\n<div>Shaurya Sharma, Sub Editor at News18, reports on consumer and gaming technology. He has been helping people figure out their tech to make informed cho<!-- -->&#8230;<a href=\"https:\/\/www.news18.com\/byline\/shaurya-sharma.html\" class=\"read_more\" target=\"_blank\" rel=\"noopener\">Read More<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.news18.com\/tech\/microsofts-activision-buyout-could-result-in-reduced-competition-canada-says-8211127.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Published By: Shaurya Sharma Last Updated: June 30, 2023, 09:22 IST Washington D.C., United States of America (USA) Microsoft is facing a tough time buying Activision. (Reuters) Canada&#8217;s Department of Justice has concluded that Microsoft&#8217;s deal to buy &#8220;Call of Duty&#8221; maker Activision Blizzard &#8220;is likely to&#8221; lead to less competition in some aspects &#8230; <a title=\"Microsoft&#8217;s Activision Buyout Could Result In Reduced Competition, Canada Says\" class=\"read-more\" href=\"https:\/\/bscrackers.com\/?p=4406\" aria-label=\"Read more about Microsoft&#8217;s Activision Buyout Could Result In Reduced Competition, Canada Says\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-4406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/4406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4406"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/4406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/1512"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}