Microsoft Activision Deal: US FTC Sues to Block $69 Billion Takeover Deal Over Competition Concerns

Microsoft's $69 billion (roughly Rs. 5,66,800 crore) bid to acquire Activision Blizzard, maker of the popular Call of Duty series, hit a roadblock on Thursday after the US FTC sued to block the takeover deal. Brad Smith, the company's president, tweeted on Thursday that the company would fight the FTC to complete the deal.