Microsoft-Activision Blizzard merger temporarily blocked by US judge
in response to news reports that the companies were closing the deal"imminently" and that they had set July 18th as the target deadline for the acquisition.
Judge Edward J. Davila has ruled that the merger can't take place until five days after the court has decided on whether or not to issue an injunction against it. To note, the court is scheduled to hear the FTC's request for an injunction on June 22nd and 23rd, so the earliest the companies can proceed with their plans is the end of this month — if the court doesn't ultimately side with the agency.
"With control of Activision's content, Microsoft would have the ability and increased incentive to withhold or degrade Activision’s content in ways that substantially lessen competition — including competition on product quality, price, and innovation." Microsoft and Activision Blizzard, however, seem to be unperturbed by the FTC's lawsuit. In a statement, Microsoft told us that the injunction request is"accelerating the legal process" that will help the merger move forward sooner.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
FTC expected to file injunction to block Microsoft's purchase of Activision Blizzard | EngadgetThe FTC is looking for an injunction to block Microsoft's acquisition of Activision Blizzard..
Les mer »
FTC expected to block Microsoft’s $69B purchase of Activision Blizzard: reportNearly one month after EU regulators approved Microsoft’s $69 billion bid to acquire “Call of Duty” maker Activision Blizzard, the FTC is expected to halt the deal with a prelimin…
Les mer »
FTC set to file injunction to block Microsoft acquisition of Activision Blizzard: reportMicrosoft Corp. appears to have another headwind in its $69 billion acquisition of videogame publisher Activision Blizzard Inc. in the form of an injunction...
Les mer »
FTC will try to block Microsoft's acquisition of Activision BlizzardThe FTC had already sued to block the $68.7 billion acquisition, choosing to bring the case before its internal administrative law judge.
Les mer »
FTC files to block Microsoft-Activision Blizzard dealThe FTC on Monday filed a temporary restraining order and preliminary injunction seeking to block Microsoft’s proposed acquisition of Activision Blizzard.
Les mer »
FTC files to block Microsoft from buying Activision BlizzardA judge will now need to decide whether to grant the request.
Les mer »