US FTC asks court to block Microsoft acquisition of Activision

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The Federal Trade Commission asked a court to temporarily block Microsoft Corp's acquisition of Activision Blizzard on Monday, seeking to halt the deal from closing before the government's case against the $69 billion deal is heard.

Microsoft's bid to acquire the "Call of Duty" videogame maker in a $69 billion dealShares in Microsoft closed up 1.5% Monday, while Activision fell 0.8%.

Microsoft has said the deal would benefit gamers and gaming companies alike, offering to sign a legally binding consent decree with the FTC to provide "Call of Duty" games to rivals including Sony for a decade. When announcing the deal in January 2022, Microsoft said they expected it would close in their 2023 fiscal year, which ends in June.

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US FTC seeks court order to block Microsoft acquisition of Activision -sourceThe 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.
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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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US FTC seeks to block Microsoft's acquisition of Activision -sourceThe U.S. 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.
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