FTC violated Microsoft’s plans for the development of the metaverse

FTC opposes Microsoft takeover of Activision Blizzard The Federal Trade Commission (FTC) has filed a lawsuit to block Microsoft's $69 billion purchase of game developer Activision Blizzard as part of its own metaverse development. The FTC said Microsoft could use ownership of Activision's games to raise prices or redirect players to gaming platforms it controls, such as Xbox or Windows.. The deal could also impact the emerging cloud gaming market that Microsoft is participating in through Xbox Game Pass. “Microsoft has already shown that it can and will hide content from its gaming competitors.. Today, we are committed to preventing Microsoft from gaining control of a leading independent game studio and using it to harm competition in several dynamic and fast-growing gaming markets,” said Holly Vedova, director of the FTC's Bureau of Competition. However, according to CNN, Microsoft believes the deal will increase competition and create more opportunities for gamers and game developers.. “From day one, we have been committed to addressing competition issues, including by offering FTC concessions earlier this week.. While we believed in giving the world a chance, we have full confidence in our cause and welcome the opportunity to take our case to court,” said Microsoft President Brad Smith. Activision produces some of the most iconic and popular video games, including Call of Duty, World of Warcraft, Diablo and Overwatch, and has millions of monthly active users worldwide. Activision is currently pursuing a strategy to offer its games on many devices, regardless of manufacturer.. The deal, which would make Microsoft the world's third-largest video game developer and set the stage for the company's metaverse, would provide “both the means and the motive to hurt competition,” the FTC said.. Read about how to get into the metaverse and how much it costs in the BeInCrypto material. Read the latest cryptocurrency news on the BeInCrypto portal and join the discussion in our Telegram channel. The reader is solely responsible for any actions taken by him on the basis of information received on our website.