FTC reportedly preparing to pause in-house trial of Microsoft's Activision Blizzard acquisition

the request must be granted after the FTC's unsuccessful federal court bid under the agency's own rules.Bloomberg reports the FTC is expected to make the order to withdraw its case later today, after which Microsoft and Activision can seek to persuade the agency's commissioners to accept a settlement or to entirely drop their opposition to the acquisition.

The deadline to close the merger was originally set for 18th July this year but Microsoft and Activision Blizzard have nowto 18th October - albeit with higher termination fees - saying they're"optimistic about getting this done." That optimism likely extends well beyond the FTC; Microsoft and Activision recently reached an agreement with the UK's Competition and Markets Authority - which

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.

Microsoft and Activision Blizzard extend merger deadline to OctoberMicrosoft and Activision Blizzard have extended the deadline of their proposed merger until 18th October this year. The…
Source: eurogamer - 🏆 68. / 61 Read more »

Microsoft and Activision Blizzard have extended their merger agreement until October | VGCMicrosoft and Activision Blizzard have agreed to extend their merger agreement until mid-October, after the initial deadline to complete the $69 billion deal passed on Tuesday
Source: VGC_News - 🏆 125. / 51 Read more »

Xbox and Activision Blizzard agree to delay their merger deadlineXbox and Activision Blizzard have now officially postponed their merger deadline in order to obtain approval from the UK's competition and markets authority.
Source: VideoGamerCom - 🏆 83. / 55 Read more »