FTC seeks to block Microsoft's deal to acquire Activision

The Federal Trade Commission (FTC) has sought a restraining order to prevent Microsoft from closing on its $69 billion deal to acquire Activision Blizzard. The federal watchdog said that Microsoft would be able to keep competitors from accessing Activision Blizzard's video games should the deal go forward. Brad Smith, president of Microsoft, expressed confidence that the company would be permitted to go ahead with the acquisition.