USA's FTC Poised to Drop Injunction on Xbox's $69 Billion Activision Blizzard Buyout | Push Square
The USA’s antitrust department the Federal Trade Commission is allegedly planning an injunction which it hopes will temporarily halt Microsoft’s long-running attempted acquisition of Activision Blizzard. You may recall that the FTC moved to block the deal last year, with a hearing due on 2nd August, after the merger’s 18th July deadline expires. Now, the division is seeking an injunction with a US District Court to prevent the deal from closing prior to the aforementioned hearing.
Microsoft, of course, already has its work cut out trying to turn around a decision from the UK’s Competition and Markets Authority, which elected to block the deal back in April. The Redmond firm will appeal that decision starting 24th July, but even if its case is successful, the ruling will still need to return to the CMA for a second review. So, despite being approved in most other countries, the buyout remains strangled by some pretty strong red tape – it’ll be interesting to see if the firm’s well-compensated legal team can ultimately untangle it all.
A true PlayStation veteran, Sammy's covered the world of PS gaming for years, with an enormous Trophy count to prove it. He also likes tennis games way more than you.
This oughta bring out the unpaid shills.
We've heard nothing about this deal for a long time now and it was great, but you had to go and ruin it
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