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The Federal Commerce Commission isn’t happy with the tip outcomes of Microsoft’s $68.7 billion acquisition of Activision Blizzard, telling a court docket on Wednesday that Microsoft’s fresh layoffs contradict promises it made to win the merger accredited.
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In a letter to the clerk of the Ninth Circuit Court of Appeals, the FTC criticized Microsoft for the layoff of 1,900 workers in January, which represented about 8% of its gaming division. The layoffs largely affected workers at Activision Blizzard. The antitrust regulator explained that the layoffs were “inconsistent with Microsoft’s recommendation to this Court that the 2 companies will operate independently submit-merger.”
“As we plod forward in 2024, the management of Microsoft Gaming and Activision Blizzard is committed to aligning on a vogue and an execution notion with a sustainable designate increase that can give a boost to the total of our growing business,” Microsoft Gaming chief Phil Spencer acknowledged in a memo announcing the layoffs in January. “Collectively, we’ve convey priorities, identified areas of overlap, and ensured that we’re all aligned on basically the most interesting opportunities for increase.”
The letter comes two weeks after Sen. Elizabeth Warren, D-Mass., urged the FTC to maintain its firm stance against the merger.
“Precise 3 months after @Microsoft’s merger with @Activision, 1,900 workers gain misplaced their jobs. I warned that this deal would pain workers,” Warren acknowledged in a Jan. 25 submit on X, beforehand identified as Twitter. “The @FTC would possibly perhaps peaceful protect up the fight to unwind this merger.”
Microsoft done its acquisition of Activision Blizzard closing October after a nearly two-year fight with regulators. The FTC peaceful hasn’t given up on stopping the happy marriage, though. In December, it filed an attraction with the Ninth Circuit Court of Appeals to undo the merger, a possibility that many honest experts say is extremely not doubtless.
On condition that it’s peaceful fighting against the deal, the FTC concluded in its Wednesday letter that Microsoft’s layoffs of Activision Blizzard workers would obtain a divestiture more tough would possibly perhaps peaceful the regulator prevail.
This text originally seemed on Gizmodo.
