FTC Blocks Microsoft’s Acquisition of Activision Blizzard

FTC Blocks Microsoft’s Acquisition of Activision Blizzard

Drama Mergers and Acquisitions

14 June 2023 19:20

Today, a U.S. judge agreed to the Federal Trade Commission's (FTC) plea to stop Microsoft's acquisition of Activision Blizzard. Furthermore, the judge scheduled a hearing for next week to address the matter. If there was no court intervention, Microsoft could have finalized the $69B deal this week. In December 2022, the FTC requested an administrative halt to the acquisition. Microsoft President Brad Smith said. “We believe accelerating the legal process in the U.S will ultimately bring more choice and competition to the market.”

Tags: Microsoft Activision

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FTC Blocks Microsoft’s Acquisition of Activision Blizzard

Drama Mergers and Acquisitions

14 June 2023 19:20

Tags: Microsoft Activision

Today, a U.S. judge agreed to the Federal Trade Commission's (FTC) plea to stop Microsoft's acquisition of Activision Blizzard. Furthermore, the judge scheduled a hearing for next week to address the matter. If there was no court intervention, Microsoft could have finalized the $69B deal this week. In December 2022, the FTC requested an administrative halt to the acquisition. Microsoft President Brad Smith said. “We believe accelerating the legal process in the U.S will ultimately bring more choice and competition to the market.”

Share:

Sources:

Report mistake Submit news

Related news

View All

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• Phil Spencer is stepping down as CEO of Microsoft Gaming after a career-defining tenure that included the acquisitions of...

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• Xbox games revenue down 9% to $623M in Q2 FY2026.
• Hardware sales plunge 32% due to fewer console...

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