The Federal Trade Commission has been unsuccessful in its last-ditch effort to pump the brakes on Microsoft’s $68.7 billion purchase of Activision Blizzard. The Ninth Circuit Court of Appeals declined to grant the agency an emergency stay of a ruling that allows the deal to proceed in the US, leaving a UK regulator as the major outstanding hurdle.
A temporary restraining order was put in place last month to prevent Microsoft and Activision from closing the acquisition until Judge Jacqueline Scott Corley ruled on the FTC’s request for a preliminary injunction. When Corley rejected the FTC’s injunction request this week, she ruled that the agency had until 11:59PM PT on July 14th to obtain an emergency stay from the appeals court. Since that didn’t happen, Microsoft and Activision are now free to close the deal as early as Saturday.
“We appreciate the Ninth Circuit’s swift response denying the FTC’s motion to further delay the Activision deal,” Microsoft president and vice-chair Brad…
2023-07-14 18:31:37
Article from www.engadget.com rnrn