Microsoft’s attempt to acquire Activision Blizzard — a move originally aimed toward building Metaverse initiatives — hit a roadblock after an intervention by the United States Federal Trade Commission (FTC).

The FTC sought to block Microsoft from acquiring the gaming giant as a way to promote fair competition in high-performance gaming consoles and subscription services. However, Microsoft CEO and chairman Satya Nadella had previously stated that acquisition would “play a key role in the development of metaverse platforms.”

(By ARIJIT SARKAR)