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The US Federal Trade Commission hasn’t given up on trying to block Microsoft’s pending $68.7 billion acquisition of Activision Blizzard. agency appealed Judge Jacqueline Scott Corey denied a request for an interlocutory injunction temporarily staying the transaction.
The FTC filed a lawsuit to block the merger over antitrust concerns.administrative court is scheduled Start from AugustHowever, the deadline for the merger of the two companies is July 18. The agency was concerned that Microsoft and Activision would complete the deal by then, despite UK regulators blocking the deal in the country.
bloomberg It first reported that authorities are considering appealing Corley’s decision. The FTC told Engadget after Tuesday’s ruling that it would announce “next steps in the coming days to maintain competition and continue the fight to protect consumers.”
Unless the FTC obtains an emergency injunction from the Court of Appeals for the Ninth Circuit by 11:59 p.m. made a judgment that it would be The restraining order was in effect until Corey made a decision on the interim restraining order.
Meanwhile, following Corey’s ruling, Microsoft, Activision Blizzard and the UK Competition and Markets Authority announced they had agreed to suspend their legal battle and consider whether compromises could be made. The CMA later clarified that “the merging parties will not have the opportunity to propose new remedies after the final report is issued, but they may choose to restructure the agreement.” That could trigger a new merger investigation, adding that the acquisition would likely be delayed after July 18.