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The Federal Trade Commission is expected to block Microsoft’s $69 billion acquisition of video gaming giant Activision Blizzard with a preliminary injunction.
The FTC is anticipated to file for the temporary order on Monday, according to MLex, a news service that tracks regulatory developments.
The federal regulator has two closed-door meetings scheduled on Monday to discuss the move, according to the report, which was cited earlier Monday by Seeking Alpha.
An injunction would halt the deal, which has a July 18 termination deadline. Until then, either party can walk away, extend or renegotiate the terms of the sale, the outlet reported.
It’s not the first time the FTC has attempted to block the deal.
In December, the agency filed a complaint with an FTC Administrative Law Judge, citing antitrust concerns and stifled competition across the video-game sector if the $95-per-share deal completed.
A hearing for the case in the FTC’s administrative court is scheduled for August.
