FTC's final attempt to block Microsoft's acquisition of Activision Blizzard has failed

Newscast: Is Microsoft's Activision Blizzard acquisition now a done deal?

"The motion for injunctive relief is denied," the Ninth Circuit Court of Appeals filing states."The existing briefing schedule remains in effect." This now means that Microsoft is free to proceed with the takeover in the US, although failure to do so by the end of 18th July will necessitate a renegotiation of the terms of the acquisition with Activision.

"We appreciate the Ninth Circuit's swift response denying the FTC's motion to further delay the deal," Microsoft's vice chair and president, Brad Smith, told ."This brings us another step closer to the finish line in this marathon of global regulatory reviews."UK's Competition and Markets Authority extended its deadline for a final decision on Microsoft's Activision Blizzard takeover bidThe regulator was expected to formally block the deal - as previously announced - on 18th July, but Microsoft has since submitted a"detailed and complex" proposal with changes in circumstances.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTC appeal denied, as Microsoft's Activision acquisition nears completionThe US Federal Trade Commission (FTC) has seen its initial appeal against this week's Microsoft and Activision Blizzard…
Source: eurogamer - 🏆 68. / 61 Read more »

FTC motion denied, as Microsoft's Activision acquisition nears completionThe US Federal Trade Commission (FTC) has seen its initial motion to appeal against this week's Microsoft and Activisio…
Source: eurogamer - 🏆 68. / 61 Read more »

Activision Blizzard to be removed from Nasdaq ahead of planned Microsoft merger | VGCActivision Blizzard will be delisted from the Nasdaq stock market index this weekend in preparation for its planned merger with Microsoft
Source: VGC_News - 🏆 125. / 51 Read more »