Microsoft ‘disappointed’ as FTC officially files appeal on Activision Blizzard ruling
The US Federal Trade Commission (FTC) has confirmed it will appeal a court’s decision to allow Microsoft to proceed with its $70bn acquisition of Activision Blizzard.
On Tuesday, Judge Jacqueline Scott Corley of the United States District Court for the Northern District of California denied the FTC’s motion for a preliminary injunction.
Had it been granted, the injunction would have blocked the $69 billion deal from being completed until the US regulator’s in-house court had a chance to rule on whether the merger hurt competition in the games industry.
Wednesday’s appeal from the FTC means it now has a chance to convince the appeals court that the ruling was incorrect.
However, a restraining order expiring on Friday, July 14 means that, barring an extension from the appeals court, Microsoft will be able to push through and close the deal this weekend.
“The District Court’s ruling makes crystal clear that this acquisition is good for both competition and consumers,” Brad Smith, Microsoft’s president, said in a statement to The Verge.
“We’re disappointed that the FTC is continuing to pursue what has become a demonstrably weak case, and we will oppose further efforts to delay the ability to move forward.”
The UK’s competition watchdog has paused legal proceedings with Microsoft and Activision Blizzardwith a view to reaching an agreement over the game companies’ proposed merger, after the deal was cleared in the United States.
Pending the outcome of the possible appeal by the FTC, the ruling removes one of the last major obstacles preventing the deal from being completed. The European Commission approved Microsoft’s acquisition of
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