US FTC asks court to block Microsoft acquisition of Activision

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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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