Microsoft Wins Court Case Against FTC To Buy Activision Blizzard
Microsoft's bid to purchase Activision Blizzard for $68.7 billion has cleared another major hurdle, paving the way for the Xbox company to press ahead and complete the deal. In its court case against the FTC, which was seeking an injunction to at least temporarily hold up the deal, Microsoft has emerged victorious.
The FTC will still hold an antitrust trial on the situation beginning on August 2, but US district judge Jaqueline Scott Corley's decision means that the FTC will not receive the temporary injunction to prevent the deal from moving ahead in the meantime. Corley's decision can be appealed, but we don't yet know if the FTC will do so. It has through July 14 to appeal.
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The decision was handed down on July 11, with Corley disagreeing with the FTC's argument. Sony and other opponents of the deal said it was anti-competitive. As of yet, Sony has yet to respond or react to the FTC's decision.
«The FTC has not shown it is likely to succeed on its assertion the combined firm will probably pull Call of Duty from Sony PlayStation, or that its ownership of Activision content will substantially lessen competition in the video game library subscription and cloud gaming markets,» Corley wrote.
In the UK, the Competition & Markets Authority blocked the deal over concerns about the cloud gaming market. The European Union, meanwhile, ruled that the deal can go through.
It remains to be seen how the FTC's decision might affect things globally. Prior to the FTC giving the
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