Media: The US Federal Trade Commission will apply for an injunction against the deal between Microsoft and Activision Blizzard

2023-06-12 21:09:00

Edition CNBC reported that the US Federal Trade Commission (FTC) will file an application for an injunction against the transaction between Microsoft and Activision Blizzard. If her appeal is granted, Microsoft will definitely not be able to complete the merger before the previously designated deadline of July 18. After this date, the corporation will need to pay a penalty.

Despite possible financial losses, Microsoft says it will be only too happy with the US FTC’s action, as this injunction will allow us to move to consideration as soon as possible. the main case to block the deal with Activision Blizzard in the US Federal Courtinitiated by regulators back in December 2022.

Microsoft is still confident in its victory.

Earlier media wrote that Microsoft is considering different variants preliminary closing of the transaction, despite the UK ban. Activision Blizzard’s exit from the UK market was originally considered, but now this step will be useless.

The FTC filed a major lawsuit to block a deal between Microsoft and Activision Blizzard back in December 2022.

Microsoft’s earlier merger with Activision Blizzard approved South Korea. Australia, New Zealand and Canada are expected to be the next countries to make a verdict. In total, 40 countries have approved the deal so far.

See also: Microsoft sees no need to release the Xbox Series X Pro

#Media #Federal #Trade #Commission #apply #injunction #deal #Microsoft #Activision #Blizzard

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