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Friday, May 8, 2026

Business Highlights: FTC sues to block megadeal, stocks rise - CT Insider

FTC sues to block Microsoft-Activision Blizzard $69B merger

The Federal Trade Commission on Thursday sued to block Microsoft’s planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business. The FTC voted 3-1 to issue the complaint after a closed-door meeting, with the three Democratic commissioners voting in favor and the sole Republican voting against. The agency said Microsoft has shown through past acquisitions that it will withhold game content from rivals. Microsoft’s president, Brad Smith, signaled in a statement Thursday that the company is likely to challenge the FTC’s decision.

EU court: Google must delete inaccurate search info if asked

LONDON (AP) — The European Union’s top court says Google has to delete search results about people in Europe if they can prove that the information is clearly wrong. Europeans have the right to ask search engines to delete links to outdated or embarrassing information about themselves, even if it is true, under a principle known as “right to be forgotten.” Two people asked Google to remove search results based on their names that linked to articles they said made false claims. Google refused because it didn’t know whether the articles were accurate or not. The European Court of Justice said Thursday that it disagreed. Google says it’s worked to balance “people’s rights of access to information and privacy.”

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