FTC sues to block Microsoft's takeover of video game maker Activision Blizzard

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The Federal Trade Commission has sued to block Microsoft from completing its deal to buy video game company Activision Blizzard, the latest antitrust challenge to the proposed merger but one that could hasten its conclusion.

The FTC’s Monday filing in a federal court in San Francisco seeks a restraining order and injunction to stop Microsoft’s $69 billion purchase of the California gaming company behind hit franchises such as Call of Duty and World of Warcraft.

The FTC already took Microsoft to court to block the merger, but that was before the U.S. agency’s in-house judge in a trial set to start on Aug. 2. That administrative process doesn’t preclude the parties from closing the deal. Microsoft’s other main obstacle is in the United Kingdom, where antitrust regulators have also taken action to block the acquisition.

But the blockbuster deal has remained in jeopardy because of the surprise April decision by the U.K.’s Competition and Markets Authority and the ongoing case in the U.S.

 

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