Home United States USA — IT FTC Will Appeal Court Ruling On Microsoft's Activision Blizzard Acquisition

FTC Will Appeal Court Ruling On Microsoft's Activision Blizzard Acquisition

101
0
SHARE

The FTC has decided that it won’t go down without a fight following a court’s ruling in favor of the Microsoft – Activision Blizzard acquisition.
In mid-June, the FTC took formal steps to block Microsoft’s massive $69 billion acquisition of video game giant Activision Blizzard — something Microsoft hadn’t seemed too concerned about, instead suggesting that the legal action would ultimately speed up the entire process. Yesterday, only around four weeks after the FTC made its initial announcement, Microsoft’s planned acquisition was given the go-ahead.
The entire debacle isn’t over yet, though, and the FTC isn’t bowing out gracefully. The agency has announced intentions to appeal the court’s ruling, though many details are still absent at this time. The deal has faced pushback from competitor Sony and prior to the U.

Continue reading...