Microsoft’s attempt to acquire Activision Blizzard, a move originally intended to develop Metaverse initiatives, hit a snag after an intervention by the US 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 game consoles and subscription services. However, Microsoft CEO and President Satya Nadella had previously stated that the acquisition would “play a key role in the development of metaverse platforms.”

#RIP: FTC seeks to block Microsoft Corp.’s acquisition of Activision Blizzard, Inc.: https://t.co/ukewjn6MUX /1

—FTC (@FTC) December 8, 2022

In a recent complaint, the FTC argued that Microsoft and Sony already “control” high performance…