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home / news releases / MSFT - Activision settles with Justice Department over esports antitrust claims

MSFT - Activision settles with Justice Department over esports antitrust claims

Microsoft Corporation

2023-04-03 14:30:49 ET

  • Activision Blizzard ( NASDAQ: ATVI ) agreed to settle with the U.S. Justice Department over a lawsuit related to alleged salary caps for esports teams.
  • The lawsuit was filed against Activision ( ATVI ) and subsequently settled with the antitrust regulator.
  • The lawsuit revolves around alleged illegal salary cap for  teams in the videogame leagues, according to a copy of the suit filed and settled on Monday.
  • The settlement comes after the Federal Trade Commission sued to block Microsoft ( MSFT )'s $69 billion acquisition of Activision ( ATVI ) in December.
  • Developing story ...

For further details see:

Activision settles with Justice Department over esports antitrust claims
Stock Information
Company Name: Microsoft Corporation
Stock Symbol: MSFT
Market: NASDAQ
Website: microsoft.com
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