The Federal Trade Commission says it it appealing a judge’s ruling that would have allowed Microsoft to close its deal to buy video game company Activision Blizzard.
A Wednesday court filing from the FTC says it is appealing it to the San Francisco-based U.S. Court of Appeals for the Ninth Circuit.
Antitrust enforcers at the FTC have been trying to stop Microsoft’s $68.7 billion takeover of Activision Blizzard, maker of popular game franchises like Call of Duty, arguing it will harm competition in the video game industry. But in a Tuesday ruling, U.S. District Judge Jacqueline Scott Corley denied the FTC’s request to block the deal from closing. She said the FTC hadn’t shown that the merger would cause serious harm and was unlikely to prevail if it took the case to a full trial.
Microsoft had promised to pay Activision Blizzard a $3 billion breakup fee if it can’t close the deal by Tuesday, which will mark 18 months since it was announced. But both companies could also agree to delay that deadline.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. U.S. District Judge Jacqueline Scott Corley said in a ruling that the merger deserved scrutiny, noting it could be the largest in the history of the tech industry. The Federal Trade Commission, which enforces antitrust laws, “has not raised serious questions regarding whether the proposed merger is likely to substantially lessen competition” between video game consoles or in the growing markets for monthly game subscriptions or cloud-based gaming, Corley said.
Weiterlesen »
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Weiterlesen »
Judge Rules in Favor of Microsoft’s Activision Blizzard AcquisitionPaste Magazine is your source for the best music, movies, TV, comedy, videogames, books, comics, craft beer, politics and more. Discover your favorite albums and films.
Weiterlesen »
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. Regulators sought to ax the deal saying it will hurt competition.
Weiterlesen »
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Weiterlesen »
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Weiterlesen »