On The Microsoft Activision Blizzard Case Ruling, The FTC Files An Appeal.
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Following a US Court decision in favor of Microsoft, the Federal Trade Commission (FTC) filed an appeal in the Activision Blizzard merger case.
The FTC provided no details in its court filing regarding the appeal, according to The Verge.
The focus now switches to Microsoft’s probable agreement with the CMA in the United Kingdom and the Ninth Circuit Court of Appeals.
Activision Blizzard’s acquisition by Microsoft for $68.7 billion is still being fought by the Federal Trade Commission. The commission appealed a San Francisco judge’s denial of a preliminary injunction request that would have stopped the deal from closing on Wednesday.
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The lawsuit was filed after the Federal Trade Commission (FTC) unsuccessfully sought to block the merger on the grounds that it would harm competition by giving Microsoft exclusive control over well-known video game franchises like “Call of Duty.”
The FTC claims that the agreement is anti-competitive because, in the event that it is terminated, Microsoft might restrict Activision games’ access to competing services or make some of its games exclusive to its own gaming systems.
FTC Will Appeal Ruling Letting $69 Billion Microsoft-Activision Deal Close
As asked by the FTC, US District Judge Jacqueline Scott Corley decided on Tuesday that she would not obstruct Microsoft from finalizing the transaction. While a second legal challenge to the merger is being heard in the agency’s internal administrative court, the FTC requested a preliminary injunction.
In the event that the preliminary injunction had been granted, Microsoft would not have been able to complete the Activision Blizzard acquisition until the FTC’s administrative complaint against the company was resolved. The start date for the other legal action remains August 2.
The decision on Tuesday made it possible for Microsoft to potentially complete the deal with Activision before a contractual deadline of July 18 in a matter of days. FTC Appeals The businesses could instead cooperate to extend that deadline.
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The current temporary restraining order (TRO), which is set to expire at 11:59 p.m. PT on Friday, July 14, must be extended by the Ninth Circuit Court of Appeals due to the FTC’s decision to appeal Judge Corley’s ruling. FTC Appeals Uncertainty about the appeals court’s decision-making process could allow Microsoft to complete the Activision Blizzard acquisition on Monday or Tuesday without a restraining order, despite the contract deadline of July 18th.
The president of Microsoft, Brad Smith, responded to the appeal by saying: “We’re disappointed that the FTC is continuing to pursue what has become a demonstrably weak case, and we will oppose further efforts to delay the ability to move forward.”
Microsoft will have the right to pay Activision Blizzard $3 billion and renegotiate the contract if the deal is not completed by July 18.
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Despite an FTC challenge in August, the merger has been allowed in the US and the EU, but Microsoft still needs to win over the UK. In response to the UK regulator’s earlier year decision to reject the merger, Microsoft announced that it has been given permission to propose a modified combination that will allay the regulator’s worries.
The deadline for an appeal of this decision was July 24, but Microsoft and the CMA have both asked that the case be put on hold while the former develops its new suggestions.
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The Federal Trade Commission (FTC) says it will appeal a recent US federal court order that cleared the way for Microsoft to purchase Activision Blizzard. Microsoft won a grueling fight with the FTC earlier this week, with a federal judge denying a preliminary injunction request from the US regulator.
Earlier this week, a judge ruled in favor of Microsoft in its fight with the FTC. The Federal Trade Commission (FTC) says it will appeal a recent US federal court order that cleared the way for Microsoft to purchase Activision Blizzard.
REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON, July 12 (Reuters) – The U.S. Federal Trade Commission said in a court filing on Wednesday that it would appeal a federal judge’s ruling that Microsoft (MSFT.O) could go forward with its $69 billion purchase of “Call of Duty” maker Activision Blizzard (ATVI.O).
