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.
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