SEOUL, April 14 (Yonhap) -- South Korea's antitrust regulator said Thursday it has started to review the proposed deal by U.S. software giant Microsoft Corp. to buy leading U.S. game developer Activision Blizzard.
The Fair Trade Commission (FTC) said it plans to see if the merger of the two U.S. firms could hurt competition in the online game market.
In January, Microsoft announced a plan to acquire Activision Blizzard for US$68.7 billion, and it asked the FTC last week to review its proposed takeover for approval.
This computerized image shows the corporate logos of U.S. software giant Microsoft and U.S. game developer Activision Blizzard. (Yonhap)
sooyeon@yna.co.kr
(END)
Keywords
Latest News
Business
-
Man who opened plane door says he wanted to get off quickly: police -
U.S. military stages 'Elephant Walk' training with F-16 fighters -
(2nd LD) Arrest warrant issued for man who opened plane door mid-air
-
(LEAD) S. Korea steps up diplomatic efforts to win U.N. Security Council seat -
Anticipated Korean blockbusters to check out this summer
News Focus
Business
-
(News Focus) No parcel day: Why S. Korean delivery workers are taking a day off on Aug. 14 -
Advertising controversy grips S. Korean mukbang YouTubers -
Seoul's last-ditch home supply plan still in doubt over its viability -
Korean foodmakers ramp up overseas push amid COVID-19 pandemic -
Bumpy road lies ahead for Samsung, even after heir avoids detention
