The Federal Trade Commission is appealing Judge Jacqueline Scott Corley’s denial of its request for a preliminary injunction to temporarily stop Microsoft’s pending $68.7 billion purchase of Activision Blizzard. The agency is determined to prevent the merger from happening due to antitrust concerns. Although an administrative trial is scheduled to begin in August, Microsoft and Activision have a merger deadline of July 18th. Despite a UK regulator blocking the deal in that country, the FTC is worried that the companies will proceed with the merger before the trial.
Bloomberg initially reported the possibility of the agency appealing Corley’s decision. The FTC stated that it will announce its next steps to continue fighting for competition preservation and consumer protection in the coming days.
Corley ruled that unless the FTC obtains an emergency stay from the Ninth Circuit Court of…
2023-07-12 18:17:29
Link from www.engadget.com rnrn
