The Federal Trade Commission (FTC) has taken a significant step in the ongoing process of Microsoft’s acquisition of Activision Blizzard, formally putting its administrative trial on hold. This move, aimed at facilitating settlement talks, comes in light of the eye-catching $68.7 billion merger that has been making headlines in the gaming industry.
Bloomberg first reported the FTC’s decision to halt the case, giving Microsoft and Activision an opportunity to engage in discussions with the agency regarding a potential resolution. The FTC had previously taken legal action to block the merger, leading to an evidentiary hearing scheduled for August 2nd. However, last week, the agency suffered a legal setback when it failed to prevent the companies from merging before the administrative trial. Despite the setback, the FTC has appealed the court’s decision.