News Formal

The FTC is reportedly filing an injunction to block Microsoft’s Activision acquisition | VGC

  • 📰 VGC_News
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The US Federal Trade Commission is reportedly filing an injunction seeking to block Microsoft’s acquisition of Activision Blizzard

That action is set to bring the case before its internal administrative law judge in August, when an initial decision to block the deal could be made through a trial-like process.

Seeking an injunction to temporarily block the deal from being completed next month would enable this process to go ahead. “We welcome the opportunity to present our case in federal court,” Microsoft president Brad Smith said in a statement. “We believe accelerating the legal process in the U.S will ultimately bring more choice and competition to the market.”The ruling arrived shortly after the UK’s competition regulator decided to prevent the deal, which it

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 125. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Xbox boss Phil Spencer is 'confident' that the Activision Blizzard acquisition will go through'We're out there to find solutions with the regulators,' says Xbox Game Studios CEO Phil Spencer.
Source: pcgamer - 🏆 38. / 67 Read more »