Feds move to block $69 billion Microsoft-Activision merger

The Federal Trade Commission on Monday filed for a temporary restraining order and an injunction in the Northern District of California to stop the deal from closing., which would be the largest deal in Microsoft's history as well as the largest video game deal ever, according to regulators. However, the lawsuit — the first hearing in which is scheduled for August 2, according to court filings — doesn't prevent a deal from closing in the meantime, the Associated Press reports.

"Microsoft and Activision Blizzard have represented in the past that they cannot close their deal due to antitrust reviews of the transaction in other jurisdictions. But Microsoft and Activision have not provided assurances that they will maintain that position," an FTC spokesperson said in a statement to CBS MoneyWatch.

, would give Microsoft and its Xbox console control of Activision's hit franchises, including"Call of Duty,""Overwatch" and"Diablo." "With control of Activision's content, Microsoft would have the ability and increased incentive to withhold or degrade Activision's content in ways that substantially lessen competition," the FTC said in its Monday filing."This loss of competition would likely result in significant harm to consumers in multiple markets at a pivotal time for the industry.

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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.
منبع: CNN - 🏆 4. / 95 ادامه مطلب »

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...
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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.
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