A federal judge in San Francisco has dismissed a private consumer antitrust lawsuit against Microsoft (MSFT) over the Xbox maker’s proposed $69B takeover of Activision Blizzard (ATVI), though the plaintiffs were provided 20 days to revise their legal challenge, Reuters’ Mike Scarcella reports. U.S. District Judge Jacqueline Corley determined that the lawsuit from a group of video game players "lacks allegations" supporting their claim that the proposed deal would harm market competition, the author notes. "Plaintiffs’ general allegation that the merger may cause ‘higher prices, less innovation, less creativity, less consumer choice, decreased output, and other potential anticompetitive effects’ is insufficient," Corley wrote. "Why? How?" Reference Link
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on MSFT:
- Nvidia says Nvidia Omniverse Cloud now available to select enterprises
- Microsoft says GPT-4 available in preview in Azure OpenAI Service
- Nvidia announces industrial metaverse, AI collaboration with Microsoft
- Quantum Computing appoints LaMacchia to technical advisory board
- Cathie Wood’s ARK Finally Makes its First Microsoft Purchase