This week, the US Federal Trade Commission (FTC) filed an injunction in a federal court to prevent Microsoft from finalizing its $69 billion deal to acquire Activision.
What just happened? As regulators across the globe have largely approved Microsoft’s historically expensive bid to purchase the publisher of games such as Call of Duty, Diablo, and Overwatch, the United States and the United Kingdom have emerged as the deal’s primary opponents. The two companies responded to the latest move by the US regulator with optimism.
This week, the US Federal Trade Commission (FTC) filed an injunction in a federal court to prevent Microsoft from finalizing its $69 billion deal to acquire Activision Blizzard. This action reinforces the regulator’s position alongside the UK Competition and Markets Authority (CMA) as the only two official bodies opposing the acquisition.
When Microsoft first announced the merger in January 2022, it anticipated completing the deal by the end of the 2023 fiscal year, which concludes this month.
