WASHINGTON: A US judge late on Tuesday granted the Federal Trade Commission's request to temporarily block Microsoft's acquisition of video game maker Activision Blizzard and set a hearing next week.
Davila said the temporary restraining order"is necessary to maintain the status quo while the complaint is pending preserve this court’s ability to order effective relief in the event it determines a preliminary injunction is warranted and preserve the FTC’s ability to obtain an effective permanent remedy in the event that it prevails in its pending administrative proceeding".
Davila said the bar on closing will remain in place until at least five days after the court rules on the preliminary injunction request. Microsoft's bid to acquire the"Call of Duty" video game maker was approved by the EU in May, but British competition authorities blocked the takeover in April.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
US FTC seeks to block Microsoft's acquisition of Activision: CNBCThe US Federal Trade Commission will file an injunction blocking Microsoft Corp's acquisition of Activision Blizzard, CNBC reported on Monday. Microsoft is seeking to acquire the 'Call of Duty' videogame maker in a US$69 billion deal.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US FTC seeks to block Microsoft's acquisition of Activision: ReportThe US Federal Trade Commission will file an injunction blocking Microsoft Corp's acquisition of Activision Blizzard, a source familiar with a planned court filing said on Monday (Jun 12). Microsoft is seeking to acquire the Call of Duty videogame maker in a US$69 billion deal. The EU approved th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US FTC seeks to block Microsoft's acquisition of Activision: ReportThe US Federal Trade Commission will file an injunction blocking Microsoft Corp's acquisition of Activision Blizzard, a source familiar with a planned court filing said on Monday (Jun 12). Microsoft is seeking to acquire the Call of Duty videogame maker in a US$69 billion deal. The EU approved th
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US FTC seeks court order to block Microsoft acquisition of Activision -source:The U.S. Federal Trade Commission will seek a court order to block Microsoft Corp's acquisition of Activision Blizzard, a source familiar with a planned court filing said on Monday.The FTC, which enforces antitrust law, initially asked an administrative judge to block the transaction in early December, argui
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US judge temporarily blocks Microsoft acquisition of ActivisionWASHINGTON : A U.S. judge late on Tuesday granted the Federal Trade Commission's (FTC) request to temporarily block Microsoft Corp's acquisition of Activision Blizzard and set a hearing next week.The court scheduled a two-day evidentiary hearing on the FTC's request for a preliminary injunction for June 2
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »