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FTC suspends internal lawsuit against Microsoft over Activision Blizzard King purchase

  • July 20, 2023
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Microsoft has scored again, and this one is particularly notable, in Iron man (calling it a marathon is falling behind) that Redmond’s been facing since their plans to

FTC suspends internal lawsuit against Microsoft over Activision Blizzard King purchase

Microsoft has scored again, and this one is particularly notable, in Iron man (calling it a marathon is falling behind) that Redmond’s been facing since their plans to acquire Activision Blizzard King were revealed early last year. A process that none of the parties involved expected to take so long (unsurprisingly, the original deadline was April 18, 2023), but which has had to face the scrutiny of countless regulators.

Despite the fact that most of them have given consent to complete the operation in recent months, Microsoft had to face opposition from two, the US FTC and the UK CMA. The latter issued a final opinion at the end of April in which it blocked the operation of the purchase in the United Kingdom, while the FTC has not yet published (or announced) its opinion, but has resorted to justice several times to try to block the operation on American soil, which would be fatal for the company’s plans.

Last week though we saw a bad buying prospect turn 180 degrees. On the one hand, justice agreed with Microsoft in the case filed by the FTC, later the appeals court acted in the same direction, the CMA and those from Redmond agreed to suspend the court appeal process to sit down for negotiations and, as the icing on the cake on a heart attack Sunday, Sony finally agreed to sign an agreement that guaranteed the presence of Call of Duty on PlayStation for 10 years.

FTC suspends internal lawsuit against Microsoft over Activision Blizzard King purchase

Well, today we are facing an event that, when confirmed, will be a pivotal move. And this is how we can read in Yahoo! Finance, FTC suspends internal litigation over Microsoft’s purchase of Activision Blizzard, i.e. a procedure that should give rise to the expected and as yet unannounced final opinion of the American regulator. A pause that would open the door to negotiations between the parties, making the situation in the United States similar to that of Britain.

Of course, this change in attitude is not something the FTC is pushing for, but under US lawbecause after losing the case in federal court, it is required to stop the case if the companies involved ask for it, a move both Microsoft and Activision Blizzard took on Tuesday that puts the regulator in a very difficult position unless it abandons its intention to block the operation.

After the parties renegotiated, the deadline set by both parties was extended to October 18 in an operation which, as Isidro well defined this morning, is a very difficult bet and this will mean the future of Microsoft in the gaming market.

Source: Muy Computer

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