In a bizarre twist to the Microsoft acquisition of Activision Blizzard, the Supreme Court has rejected a last-minute bid to get it halted in the United States. According to multiple reports today, a group of gamers got together and filed an emergency injunction with the highest court, attempting to block the merger at the last minute and get SCOTUS to take up the issue.yesterday, making way for the acquisition to finally happen without further blockades. At least through the U.S. court system.
The FTC tried to state that the acquisition would lead to a monopoly within the gaming industry, and throughout the court hearing, a LOT of information came out about how Microsoft and Sony operate, as well as what they apparently think of the market and other companies. But ultimately was shot down, making way for the $69 billion deal to move forward.This final lawsuit was basically a last-ditch effort to stall the acquisition in the United States.
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Source: WSJ - 🏆 98. / 63 Read more »