Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rules

A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard, after federal antitrust regulators sought to halt the deal., which enforces antitrust laws, has not shown a likelihood it would prevail if it took the case to trial.

"Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry," Kotick said in a written statement after Tuesday's ruling. Corley, herself a Biden nominee, expressed skepticism about the FTC's case during the proceedings, particularly about the hypothetical harms caused if Microsoft were to remove Call of Duty from rival platforms or offer a subpar experience on competing consoles.Antitrust activists decried the decision.

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.

Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Source: AP - 🏆 728. / 51 Read more »

Microsoft Can Close $69 Billion Activision Blizzard Merger, Judge RulesThe Federal Trade Commission sought to stop the massive merger, arguing it would stifle competition—but a judge sided with Microsoft and Activision Blizzard.
Source: Forbes - 🏆 394. / 53 Read more »