FTC Sues To Stop Microsoft’s Acquisition Of Activision Blizzard

Microsoft on Monday in an effort to stop the company from closing its almost $70 billion purchase of Activision Blizzard—in what would be the largest acquisition in the history of the video game industry—out of concern that Microsoft may close the deal abroad before a legal case can play out stateside.... [+]

wouldn’t close their acquisition deal outside of the United States while legal battles were ongoing. This is the second time the FTC is suing Microsoft about its potential purchase of Activision, as FTC commissioners voted in December to sue over antitrust laws using an in-house court, which lacks the power to issue a restraining order to stop the purchase, leading to the second lawsuit.

Now, the FTC is after both a temporary restraining order and a preliminary injunction out of concern that “Microsoft and Activision have represented that they may consummate” the acquisition before the internal court issues a ruling; a restraining order would pause the sale while the court decides if it wants to grant an injunction, and an injunction would pause the sale until the court determines the outcome of the FTC’s internal suit.

Microsoft and Activison have faced similar antitrust suits in the United Kingdom and European Union, but the European Union gave the

Ireland Ireland Latest News, Ireland Ireland Headlines

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

FTC set to file injunction to block Microsoft acquisition of Activision Blizzard: reportMicrosoft Corp. appears to have another headwind in its $69 billion acquisition of videogame publisher Activision Blizzard Inc. in the form of an injunction...
Source: MarketWatch - 🏆 3. / 97 Read more »

FTC will try to block Microsoft's acquisition of Activision BlizzardThe FTC had already sued to block the $68.7 billion acquisition, choosing to bring the case before its internal administrative law judge.
Source: CNBC - 🏆 12. / 72 Read more »

The FTC’s Proposed Noncompete Ban Still Lets Companies Trap Workers in Bad JobsFTC's proposed noncompete ban doesn't go far enough. Companies can still trap workers in bad jobs with training repayment agreements.
Source: truthout - 🏆 69. / 68 Read more »