The US cannot 'stop' Microsoft; the EU gives the green light to Broadcom's $61 billion deal.

Accordingly, the agency has asked the court to issue a ruling temporarily halting the acquisition of the game company behind the popular Call of Duty franchise. The FTC argues that this is the largest deal in the history of the gaming industry and could give Microsoft the ability to “diminish competition in the market.”

Last month, the EU approved Microsoft's proposed acquisition of Activision Blizzards, but the deal is still being blocked by the UK's antitrust authorities.

Broadcom's acquisition of VMware was equally impressive, valued at $61 billion.

Microsoft shares closed up 1.5% on June 12, while Activision shares fell 0.8%.

Antitrust experts say the FTC will face a tough battle to convince judges to block the Windows giant's deal, as the company has voluntarily made concessions to alleviate concerns that it could dominate the gaming market.

Meanwhile, another "blockbuster" deal in the tech industry has also been given the green light by the EU.

Specifically, the American chipmaker Broadcom has proposed acquiring the cloud computing company VMware for $61 billion. However, similar to Microsoft, the major hurdle remains the antitrust regulators in the United Kingdom.

The EU is expected to make a final decision on the Broadcom deal on July 17, while the UK will announce its preliminary findings and remedies (if needed) for the transaction next month.

Broadcom is a company that provides chips used in networked data centers and specialized microprocessors that accelerate AI tasks. The acquisition of VMware is part of the company's plan to diversify into the enterprise software business.

(According to Reuters)

Source: https://vietnamnet.vn/my-khong-the-can-microsoft-eu-bat-den-xanh-thuong-vu-61-ty-usd-cua-broadcom-2154067.html