Microsoft’s planned Activision Blizzard merger temporarily blocked by U.S. judge

U.S. District Judge Jacqueline Scott Corley in San Francisco ruled in support of a temporary restraining order sought by the Federal Trade Commission that will stop Microsoft from closing the deal.

Microsoft, maker of the Xbox game system, has spent months trying to win worldwide approval for the merger. While a number of countries have approved the acquisition, regulators for two important economies - the U.S. and the U.K. - have taken action to stop it, arguing it could suppress competition in the video game market.

The trade commission already took Microsoft to court last year to block the merger, but that case was brought to the U.S. agency’s in-house judge in a trial set to start Aug. 2.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Source: AP - 🏆 728. / 51 Read more »