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.
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Activision settles with Justice Department over esports antitrust claims