FTC files to appeal Microsoft/Activision Blizzard merger | CNN Business

The legal filing comes after the FTC’s failed effort to block the deal over allegations that the merger would harm competition by giving Microsoft\n \n exclusive control over major video game titles such as “Call of Duty.” US District Judge Jacqueline Scott Corley said Tuesday she will not block Microsoft from closing the deal as the FTC had asked. The FTC had asked for a preliminary injunction while a separate legal challenge to the merger unfolds in the agency’s in-house administrative court.

Tuesday’s decision paved the way for Microsoft to potentially finalize the deal with Activision in a matter of days, ahead of a July 18 contractual deadline. Alternatively, the companies could mutually seek to extend that timeframe. Consummating the deal would turn Microsoft into the third largest video game publisher in the world, after Tencent and Sony.

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 to appeal Microsoft/Activision Blizzard merger | CNN BusinessThe Federal Trade Commission said Wednesday it would appeal a decision from earlier this week by a district court judge allowing Microsoft to close its $69 billion Activision Blizzard merger.
Source: cnni - 🏆 326. / 59 Read more »