When Microsoft (NASDAQ: MSFT) announced it would be purchasing one of the biggest gaming companies in the world earlier this year, experts dubbed it the biggest bet on the metaverse since Meta (NASDAQ: META) announced its ambitions last year. Now, Microsoft’s metaverse ambitions have been dealt a heavy blow after the United States Federal Trade Commission (FTC) announced that it’s suing to block the acquisition.
Microsoft announced in January that it would be splashing $70 billion to acquire Activision Blizzard (NASDAQ: ATVI), the company behind Call of Duty, World of Warcraft, and Overwatch. The deal, which would be the largest in Microsoft’s and the gaming industry’s history, would give the software giant an edge in the metaverse world.
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