Microsoft's Activision acquisition moves ahead as judge rejects FTC injunction request | Engadget

. If Microsoft and Activision Blizzard can't seal the deal by their deadline, Microsoft will be on the hook for a $3 billion breakup fee unless the two sides renegotiate terms or extend their agreement. As such, they wanted the court to review the FTC's injunction request swiftly.

Reports suggested that, despite the CMA blocking the acquisition, the companies would try to close it anyway and figure out a workaround to continue doing business in the UK. That prompted the FTC to request an injunction in the hopes of being able to"assess the legality of the proposed acquisition" in the August hearing before the deal closes.

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Microsoft beats FTC in Activision Blizzard acquisition ruling | Digital TrendsMicrosoft has won its war with the FTC, paving the way for the company to close its troubled ActivisionBlizzard acquisition.
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Microsoft Wins FTC Brawl Over $69B Activision Blizzard Deal as Merger Nears CloseThe Federal Trade Commission can still appeal the order denying a preliminary injunction and continue a case before its in-house judge in a trial set to start Aug. 2.
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