FTC focusing on appeal opposing Microsoft-Activision deal, Reuters reports

The U.S. FTC remains focused on its appeal opposing Microsoft’s (MSFT) $68.7B Activision (ATVI) acquisition and will “assess” the cloud gaming deal with Ubisoft (UBSFY), Reuters’ Diane Bartz reports. The companies closed their transaction on Friday after winning approval from the U.K.’s CMA on the condition that they sell the streaming rights to Activision’s games to Ubisoft to address competition concerns. “Microsoft and Activision’s new agreement with Ubisoft presents a whole new facet to the merger that will affect American consumers, which the FTC will assess as part of its ongoing administrative proceeding,” added spokeswoman Victoria Graham. “The FTC continues to believe this deal is a threat to competition.”