Microsoft, in FTC crosshairs, announces another acquisition


As its battle with the Federal Trade Commission deepens over the Activision Blizzard Inc. ATVI, +0.54% acquisition, Microsoft Corp. MSFT, -0.80% isn’t shying away from merger activity. The company announced in a Friday morning blog post that it has acquired Lumenisity Limited, which makes hollow core fiber (HCF) solutions. “The acquisition will expand Microsoft’s ability to further optimize its global cloud infrastructure and serve Microsoft’s Cloud Platform and Services customers with strict latency and security requirements,” Microsoft said in the blog post. “The technology can provide benefits across a broad range of industries including healthcare, financial services, manufacturing, retail and government.” The post didn’t disclose terms of the deal. The announcement comes on the heels of the FTC’s Thursday declaration that it would seek to block Microsoft’s pending $69 billion acquisition of Activision on anticompetitive grounds.

This article was originally published by Read the original article here.

Previous articleMark Hulbert: If the bulls really were in control, these stock market sectors would be leaders right now
Next articlePersonal Finance Daily: Foreclosure activity rose 57% from a year ago in November, and was highest in these U.S. cities and Americans are trimming their holiday gift spending


Please enter your comment!
Please enter your name here