US Judge Blocks Microsoft-Activision Blizzard Merger
Microsoft-Activision Blizzard Merger in Jeopardy
The Federal Trade Commission (FTC) has achieved a temporary victory in its efforts to halt Microsoft’s deal with Activision Blizzard. Reports from The Financial Times and Bloomberg reveal that a US federal judge has issued an order temporarily blocking the companies from finalizing their $68.7 billion agreement, pending a decision on the FTC’s request for a preliminary injunction. The agency filed for an injunction in response to reports indicating that the deal was nearing completion, with a target deadline of July 18th for the acquisition.