FTAC Athena Acquisition Corp
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Company profile

FTAC Athena Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company has not commenced any business operations. The Company has not generated any revenue.

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Google, Nvidia raise concerns to FTC over Microsoft-Activision deal: report

8:09 am ET January 13, 2023 (MarketWatch)

By Mike Murphy

Alphabet Inc.'s (GOOGL)(GOOGL) Google and Nvidia Inc. (NVDA) have raised concerns with regulators that Microsoft Corp.'s (MSFT) proposed $69 billion acquisition of Activision Blizzard Inc. (ATVI) could give the tech giant an unfair competitive advantage, according to a new report.

Bloomberg News reported late Thursday that the two companies provided information to the Federal Trade Commission that the deal could give Microsoft advantages in cloud, subscription and mobile gaming markets. That could give additional ammunition to the FTC's effort to block the deal.

Nvidia is the leading maker of graphics chips for gamers, and runs the cloud videogame service GeForce Now. Google competes with Microsoft's Azure in the cloud market, and its Android OS is central to mobile gaming. It also runs a cloud-based gaming service, Stadia, that will shut down at the end of the month.

Microsoft makes the Xbox videogame console, and there are concerns that also owning one of the largest videogame publishers will give it an unfair advantage, and potentially block competing consoles from popular games.

Sony Corp. (6758.TO), maker of the PlayStation videogame console, has previously argued against the Microsoft-Activision deal.

The FTC sued to stop the deal in early December, claiming the merger would "enable Microsoft to suppress competitors to its Xbox gaming consoles and its rapidly growing subscription content and cloud-gaming business." Microsoft has formally challenged the lawsuit and has argued the deal "is fundamentally pro-competitive because it increases competition."

-Mike Murphy


(END) Dow Jones Newswires

January 13, 2023 08:09 ET (13:09 GMT)

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