US Regulators Move to Block Mega-Merger Between Microsoft and Activision Blizzard

The Federal Trade Commission filed a lawsuit seeking to block Microsoft's $69 billion acquisition of Activision Blizzard.
The FTC argues the deal could allow Microsoft to suppress competitors by controlling popular gaming content.
A federal judge has temporarily halted the transaction while the FTC's case proceeds.
Microsoft and Activision Blizzard believe regulators should allow the deal to proceed.
The companies face dual lawsuits in the US and UK, complicating efforts to complete the merger before a July deadline.