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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An official Xbox blog post has sparked speculation about the future of Xbox gaming after an accidental image leak revealed...

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Mar 21, 2025

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Microsoft has announced the development of a new generative AI model capable of producing "complex gameplay sequences." The company’s Research...

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Feb 20, 2025

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The Communication Workers of America (CWA) has condemned former Activision Blizzard CEO Bobby Kotick’s comments claiming that the numerous reports...

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Feb 14, 2025

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