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On January 18, 2022, Microsoft reached an agreement to acquire Activision Blizzard for $68.7 billion. But this agreement in the US and UK It was against, lawsuits were
On January 18, 2022, Microsoft reached an agreement to acquire Activision Blizzard for $68.7 billion. But this agreement in the US and UK It was against, lawsuits were filed.
Microsoft recently won its case with the US Federal Trade Commission (FTC). Although the FTC announced today that it will appeal the decision in favor of Microsoft a critical development more happened.
Microsoft had asked the FTC to withdraw its appeal on July 18. This requirement was met today, July 21. Surprisingly, the FTC He accepted Microsoft’s request without any conditions.
The new decision currently constitutes Microsoft’s barriers in the US. that he was completely saved to point. However, it is also possible that the FTC will file a new lawsuit.
The UK’s Competition and Markets Authority (CMA) recently announced the deadline for the lawsuit over the takeover. until August 29 had been delayed. This date exceeded the effective date (July 18) of the agreement between Microsoft and Activision Blizzard.
The two agreed to extend the validity of the agreement with the decision of the CMA. The validity of the agreement has been extended until October 18. All that needs to happen now in the UK is by August 29 to wait will be.
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Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.
