Activision Blizzard: The US FTC wants to temporarily block and report the takeover

Activision Blizzard: The US FTC wants to temporarily block and report the takeover

US Antitrust Agency, Federal Trade Commission (FTC)would be about to apply for an injunction in federal court to try Temporarily block acquisition From Microsoft’s Activision Blizzard, valued at $69 billion.

We remember that the FTC sued to block the process proposed by Microsoft As early as December 2022, claiming that it would allow the company to suppress competition in the gaming industry. A hearing in the case was set for August 2, after Microsoft’s July 18 deadline for the merger.

According to reports on CNBC, citing a source familiar with the matter, the FTC is now pursuing the matter. Steps to prevent seizure Microsoft’s Activision Blizzard is moving ahead with an internal hearing, filing an injunction in a United States district court.

This way the FTC will have a file additional time required to decide to block the acquisition, which Microsoft may then appeal in federal court if it is not satisfied with the outcome.

We also learned this month that the Capital Markets Authority met with the Federal Trade Commission 26 times to discuss the acquisition, according to the practice.

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