The US Federal Trade Commission has suceeded in getting a temporary ban placed on Microsoft's $68.7bn Activision Blizza…
The US Federal Trade Commission has suceeded in getting a temporary ban placed on Microsoft's $68.7bn Activision Blizzard buyout bid.. The development blocks Microsoft from making any kind of move on Activision Blizzard, and brings the matter to a federal court.
The FTC had previously set its own date for the deal to be debated by an internal administrative judge on 2nd August - after Microsoft's own deadline to complete the merger on 18th July expires.Microsoft has welcomed the development, saying it will accelerate the process. "We welcome the opportunity to present our case in federal court," Microsoft president Brad Smith said in a statement issued to Eurogamer."We believe accelerating the legal process in the US will ultimately bring more choice and competition to the market.
Back in the UK, Microsoft is preparing its case for the Competition Appeal Tribunal, which has a preliminary 24th July start date. Even if a judge sides with Microsoft, the ruling will still need to go back to the Competition and Markets Authority for review. Earlier this week, Xbox boss Phil Spencer said he was still expecting the deal to eventually go through, though admitted it was taking up"focus".Eurogamer welcomes videogamers of all types, so sign in and join our community!
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