Antitrust agencies in the United States and Britain sought to kill the deal, saying it would give Xbox-owner Microsoft an unfair advantage in the gaming industry.
By Caroline O'Donovan and Cat Zakrzewski, The Washington PostA U.S. appeals court denied the Federal Trade Commision's bid to pause the Microsoft-Activision acquisition in July.
But Microsoft, which sought to create a friendly image in court and through lobbying in Washington, ultimately prevailed. The deal, which officially closed Friday after UK regulators gave the greenlight, is the largest ever in the 48-year history of Microsoft. It also dwarfs Amazon’s acquisition of Whole Foods, which cost $13 billion, Salesforce’s purchase of Slack for $28 billion, and even Microsoft’s own purchase of LinkedIn, for which it paid $26 billion.
The deal is a blow to U.S. antitrust regulators who’d targeted the acquisition as part of a broader strategy to rein in the growing power of the tech industry. Under the leadership of President Biden appointee Lina Khan, the Federal Trade Commission has aggressively gone after tech companies including Meta, Twitter, and Amazon, focusing on issues including acquisitions, consumer privacy, and misleading customers.
For decades, Microsoft has been best known as a purveyor of personal computers and office software. It also has become a juggernaut of the cloud computing industry. But in recent years, the company also has pursued an ambitious acquisition strategy, buying companies including the coding repository GitHub and the professional networking platform LinkedIn as it seeks to gain footholds in new tech territories.
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