cxo voice
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

Microsoft drops aggressive argument against US FTC

IANS by IANS
January 6, 2023
Reading Time: 2 mins read
Share on FacebookShare on Twitter

Tech giant Microsoft removed an aggressive argument against the U.S. Federal Trade Commission (FTC) it set last month, as the media reported that the agency sued Microsoft for acquiring leading video game developer Activision Blizzard.

According to Axios, Microsoft said it made a “mistake” when it claimed that the “very structure of FTC violates the United States Constitution.”

A Microsoft spokesperson said that the “FTC has an important mission to protect competition and consumers, and we quickly updated our response to omit language suggesting otherwise based on the constitution.”

“We initially put all potential arguments on the table internally and should have dropped these defences before we filed,” the spokesperson said in the report that came out late on Thursday.

In its lawsuit, the FTC said that the deal, the largest ever in the video gaming industry, would enable Microsoft to suppress competitors to its Xbox gaming consoles and its rapidly growing subscription content and cloud-gaming business.

“Microsoft has already shown that it can and will withhold content from its gaming rivals. 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,” Holly Vedova, Director of the FTC’s Bureau of Competition, had said in a statement.

ADVERTISEMENT

Microsoft President Brad Smith said they have been committed since “Day One to addressing competition concerns, including by offering earlier this week proposed concessions to the FTC.”

“While we believe in giving peace a chance, we have complete confidence in our case and welcome the opportunity to present it in court,” Smith had tweeted.

The Microsoft President added that the company believes that “our deal to acquire Activision Blizzard will expand competition and create more opportunities for gamers and game developers.”

In September, the U.K. market watchdog announced an in-depth probe into Microsoft’s all-cash deal to acquire gaming giant Activision Blizzard, if its concerns over antitrust practices are not met.

The Competition and Markets Authority (CMA) said that it is concerned that Microsoft’s anticipated purchase of Activision Blizzard “could substantially lessen competition in gaming consoles, multi-game subscription services, and cloud gaming services (game streaming).”

Also Read: Why should Businesses think about taking advantage of NVMe? 

IANS

IANS

For any query, contact@cxovoice.com

Related Posts

Amazon reports $149.2 bn in net sales, faces short-term uncertainty
News

Amazon reports $149.2 bn in net sales, faces short-term uncertainty

February 3, 2023
AI-Powered video conferencing solutions by Qualcomm
AI

AI-Powered video conferencing solutions by Qualcomm

February 2, 2023
Samsung's new PC lineup features 'AI Noise Canceling'
Technology

Samsung’s new PC lineup features ‘AI Noise Canceling’

February 2, 2023
union budget 2023-24
News

Business Leader’s reactions on the union budget 2023-24

February 1, 2023
5G

India plans to set up 100 5G labs to develop applications

February 1, 2023
EVs
News

EV 2-wheeler sales in India to reach 22 mn by 2030: Report

February 1, 2023
customers trust and privacy
Productivity

How to win customer trust by maintaining a privacy policy 

January 31, 2023
We must strive to bring startups ownership back to the country: Survey
News

We must strive to bring startups ownership back to the country: Survey

January 31, 2023
Load More
ADVERTISEMENT

Expert Views

SaaS Rising: India is Ready for its Next IT Moment
Opinion

SaaS Rising: India is Ready for its Next IT Moment

January 31, 2023
Technology remains the main driver for insurance companies to scale and grow in 2023
News

Technology remains the main driver for insurance companies to scale and grow in 2023

January 10, 2023
Supply Chain Attacks – The Open Source Effect
Cyber Security

Supply Chain Attacks – The Open Source Effect

January 3, 2023
Technology Trends to Watch in 2023
Opinion

Top Technology Trends to Watch in 2023

December 21, 2022
Startups should embrace a down-round and restructure their firms: Flipkart CEO
Business

Startups should embrace a down-round and restructure their firms: Flipkart CEO

November 22, 2022

Latest Updates

Amazon reports $149.2 bn in net sales, faces short-term uncertainty

Amazon reports $149.2 bn in net sales, faces short-term uncertainty

by IANS
2 days ago

AI-Powered video conferencing solutions by Qualcomm

AI-Powered video conferencing solutions by Qualcomm

by Deepa Sharma
3 days ago

Samsung's new PC lineup features 'AI Noise Canceling'

Samsung’s new PC lineup features ‘AI Noise Canceling’

by IANS
3 days ago

union budget 2023-24

Business Leader’s reactions on the union budget 2023-24

by Deepa Sharma
4 days ago

India plans to set up 100 5G labs to develop applications

by IANS
4 days ago

EVs

EV 2-wheeler sales in India to reach 22 mn by 2030: Report

by IANS
4 days ago

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Inerviews

Axis Bank's Cloud-driven digital banking solutions
Banking

Axis Bank doubles down on cloud based digital banking solutions

-
digital-first strategy
Banking

Jana Small Finance Bank’s digital-first strategy enhances customer experience

-
email security interview
Cyber Security

What is email security? and its importance in securing enterprise networks

-
Cybersecurity Kallol Sil Interview
Cyber Security

Businesses Need To Invest More In Cybersecurity Training and Awareness: Kallol Sil

-

Entrepreneur

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

Technology Adoption For Entrepreneurs

Volunteering management is the need of the Hour

We bring business leaders' opinions and unique ideas on what’s happening in the market and its impact. Also, get the daily news, analysis, and insights.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

contact@cxovoice.com
  • Home
  • About
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

© 2023 CXO VOICE

No Result
View All Result
  • Home
  • News
  • Expert Opinion
  • Leaders Talk

© 2023 CXO VOICE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/