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Defeated FTC: Microsoft Wins Battle of Activision Blizzard Acquisition

  • July 11, 2023
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Microsoft last year Activision BlizzardAfter the deal he made to buy $69 billion, the waters never calmed down. The deal, which is seen as the largest trade deal

Microsoft last year Activision BlizzardAfter the deal he made to buy $69 billion, the waters never calmed down. The deal, which is seen as the largest trade deal in history, has mainly been met with obstacles from the US.

seen as the main obstacle to the agreement. US Federal Trade Commission (FTC), beat Microsoft today. In the case between Microsoft, Sony and the FTC, the judge said: Microsoft announced the decision in favor.

Microsoft wins lawsuit against FTC

long-term agenda Activision Blizzard-Microsoft The deal was blocked by the US Federal Trade Commission (FTC) last month. FTC’s acquisition of Microsoft’s Activision Blizzard preliminary injunction After the request to enter it, Microsoft temporarily Activision couldn’t buy Blizzard.

With the ruling of the American court, the acquisition of Activision Blizzard by Microsoft temporarily stopped. The reason for this decision by the FTC is that this purchase will distort competition in the market And Microsoft will monopolize was the thought.

Deadline for completion of the acquisition according to the agreement between the two companies July 18 was determined as.

Microsoft today won the battle with the FTC for the acquisition of Activision Blizzard. Judge Corley, He denied the FTC’s request for a preliminary injunction.

European regulators approved the deal between the two giants in May, so Microsoft can now technically close the deal without a court order in the UK and US.

On the other hand, the FTC’s rejection of the court’s decision He has the right to appeal until July 14. However, the FTC had not previously appealed the court’s ruling that allowed Meta to purchase Within. The Commission will do the same again and instead of appealing, it has filed a complaint against Microsoft and Activision Blizzard. It is said that he will give up the case.

Source: Web Tekno

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