Microsoft's purchase of Activision Blizzard has been approved in the U.S.
A California judge has allowed Microsoft to close its acquisition of Activision Blizzard, ruling against the Federal Trade Commission’s request for a temporary injunction.on the FTC’s request to block the acquisition until the agency could complete its administrative review of the buyout, which was set to begin August 2. Judge Jacqueline Scott Corley ruled that the FTC’s anticompetition concerns were not substantial enough to halt the deal.
This language refers to one of the FTC’s arguments, namely that Microsoft could make Activision’s Call of Duty series exclusive to the Xbox series of consoles, which would be a substantial blow to competitors not having access to one of the most popular and lucrative franchises in the industry.
“We’re grateful to the Court in San Francisco for this quick and thorough decision and hope other jurisdictions will continue working towards a timely resolution,” he said. “As we’ve demonstrated consistently throughout this process, we are committed to working creatively and collaboratively to address regulatory concerns.”“We are disappointed in this outcome given the clear threat this merger poses to open competition in cloud gaming, subscription services, and consoles,” Farrar said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge RulesMicrosoft and Activision Blizzard can complete their $75 billion deal before the Federal Trade Commission begins a process to challenge the merger in August, a judge has ruled
Les mer »
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Les mer »
Microsoft Can Close $69 Billion Activision Blizzard Merger, Judge RulesThe Federal Trade Commission sought to stop the massive merger, arguing it would stifle competition—but a judge sided with Microsoft and Activision Blizzard.
Les mer »
Microsoft gets OK to buy Activision Blizzard for $69B, judge rulesRegulators were seeking to ax the deal because they say it will hurt competition.
Les mer »
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Les mer »
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Les mer »