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

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A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.

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“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. Both companies suggested that such a delay would effectively force them to abandon the takeover agreement they signed nearly 18 months ago. Microsoft has promised to pay Activision a $3 billion breakup fee if the deal doesn’t close by July 18.

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Microsoft beats FTC in Activision Blizzard acquisition ruling | Digital TrendsMicrosoft has won its war with the FTC, paving the way for the company to close its troubled ActivisionBlizzard acquisition.
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