US judge temporarily blocks Microsoft acquisition of Activision | CNN Business

US District Judge Edward Davila scheduled a two-day evidentiary hearing on the FTC’s request for a preliminary injunction for June 22-23 in San Francisco. Without a court order, Microsoft could have closed on the $69 billion deal as early as Friday. The FTC, which enforces antitrust law, asked an administrative judge to block the transaction in early December. An evidential hearing in the administrative proceeding is set to begin Aug. 2.

Activision, which said Monday the FTC decision to seek a federal court order was “a welcome update and one that accelerates the legal process,” declined to comment Tuesday. Microsoft said Tuesday “accelerating the legal process in the U.S will ultimately bring more choice and competition to the gaming market. A temporary restraining order makes sense until we can receive a decision from the court, which is moving swiftly.” The FTC declined to comment.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTC to seek federal court order temporarily blocking Microsoft-Activision deal | CNN BusinessThe Federal Trade Commission on Monday sued to prevent Microsoft and Activision-Blizzard from closing their $69 billion merger.
Source: CNN - 🏆 4. / 95 Read more »

US judge temporarily blocks Microsoft acquisition of ActivisionA U.S. judge late on Tuesday granted the Federal Trade Commission's (FTC) request to temporarily block Microsoft Corp's acquisition of video game maker Activision Blizzard and set a hearing next week.
Source: Reuters - 🏆 2. / 97 Read more »

Microsoft-Activision Blizzard merger temporarily blocked by US judge | EngadgetA US federal judge has issued an order that temporarily blocks the companies from finalizing their $68.7 billion deal while waiting for the court to decide on the FTC's request for a preliminary injunction..
Source: engadget - 🏆 276. / 63 Read more »