The FTC scores a win against Microsoft and Activision Blizzard.
The US Federal Trade Commission has been granted a temporary restraining order against Microsoft's proposed acquisition of Activision Blizzard. This means the deal is now officially on hold until the courts can rule on the FTC's request for a preliminary injunction against the closure of the deal—which is itself a temporary measure aimed at halting the deal until the FTC's legal challenge against the acquisition is completed.
Because of that, the FTC requested a temporary restraining order and a preliminary injunction blocking the deal until those matters can be settled, and today the court agreed, issuing a TRO to keep everything as-is until all the legal wrangling is over. The order means Microsoft and Activision cannot close their deal"until after 11:59 pm PT on the fifth business day after the court rules on the FTC's request for a preliminary injunction.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTC plans to ask court to block Microsoft-Activision Blizzard deal\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »
FTC files emergency suit to stop Microsoft Activision mergerAgency concerned the pair are planning to combine before it's able to make a decision whether to allow it
Read more »
Microsoft/Activision: devil of a fight leaves duo on horns of a dilemma\n\t\t\tLet our global subject matter experts broaden your perspective with timely insights and opinions you\n\t\t\tcan’t find anywhere else.\n\t\t
Read more »
Microsoft-Activision Blizzard deal temporarily blocked by US judge\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Read more »
FTC files restraining order to block Microsoft's Activision Blizzard dealThe US Federal Trade Commission has requested a temporary restraining order in an attempt to halt Microsoft's $69 billion acquisition of Activision Blizzard.
Read more »
FTC reportedly filing injunction to temporarily block Microsoft's Activision Blizzard dealUS antitrust agency the Federal Trade Commission is reportedly set to file an injunction with a federal court in an eff…
Read more »