Microsoft settled on Monday an antitrust lawsuit contesting its $69 billion dollar acquisition deal to buy Activision Blizzard in 2022.
Details of the settlement were not disclosed in court documents obtained by TheWrap. The suit was filed in California federal court by a group of video gamers across multiple states objecting to the deal — and just weeks after the Federal Trade Commission’s efforts to block the deal from closing, citing concerns of monopolistic business practices.
The lawsuit was dismissed with prejudice, meaning it cannot be filed again, with support from both sides following the settlement agreement. The initial filing claimed that Microsoft’s highly publicized deal to acquire video game production company Activision Blizzard could lead to the company canceling premium offerings, prioritizing Xbox releases and raising prices for consumers.
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