Judge allows Microsoft to proceed with record $69B acquisition of Activision Blizzard

U.S. District Judge Jacqueline Scott Corley said in a ruling that the Federal Trade Commission, which enforces antitrust laws, has not shown a likelihood it would prevail if it took the case to trial.

"Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry," Kotick said in a written statement after Tuesday's ruling. The case was an important test for the FTC's heightened scrutiny of the technology industry under Chairperson Lina Khan, who was installed by President Joe Biden in 2021 because of her tough stance on what she sees as monopolistic behavior by tech giants such as Amazon, Google and Facebook parent Meta.

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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.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »

Microsoft’s planned Activision Blizzard merger temporarily blocked by U.S. judgeMicrosoft’s planned $69 billion purchase of video game company Activision Blizzard was blocked by a federal judge Tuesday, giving more time for an antitrust review of the deal.
แหล่ง: WashTimes - 🏆 235. / 63 อ่านเพิ่มเติม »

Microsoft Can Close $69 Billion Activision Blizzard Merger, Judge RulesThe Federal Trade Commission sought to stop the massive merger, arguing it would stifle competition—but a judge sided with Microsoft and Activision Blizzard.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »