As reported by The Verge, a California judge has allowed Microsoft to proceed with its acquisition of Activision Blizzard despite FTC’s claims. The decision comes after five days of testimony, and denies the Federal Trade Commission’s (FTC) request for a preliminary injunction.
While this ruling allows Microsoft to move forward with the acquisition before the July 18th deadline, there are some conditions. The company must either close the deal without the UK’s involvement. Or negotiate a remedy with the Competition and Markets Authority (CMA). In April, the UK regulator moved to block the proposed acquisition, and Microsoft is currently appealing that decision.
Despite the UK block, the company has been exploring options to proceed with the deal, which prompted the FTC to request an injunction. The CMA also attempted to delay Microsoft’s appeal, but the Competition Appeal Tribunal rejected the request, deeming it contrary to justice and fairness.
The FTC has the opportunity to appeal their case against Microsoft, but it’s uncertain whether they will pursue it.
As always, remember to follow us on our social media. Sites such as X (Twitter), Threads and Facebook to keep up with the latest news.
Advertisement
