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Wednesday, December 6, 2023

FTC withdraws its in-house problem to Microsoft’s Activision-Blizzard deal

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The opposite half was its pursuit of a short lived restraining order and preliminary injunction that might have stopped Microsoft closing its deal whereas the FTC’s administrative course of continued. A US federal decide denied the injunction request earlier this month, and an appeals court docket additionally turned down its request to place an emergency maintain on the deal. The FTC remains to be interesting the preliminary injunction denial, although.

Microsoft and Activision Blizzard nonetheless haven’t accomplished the acquisition but, and recently announced an extension of their mutually-agreed deadline till October 18th. The FTC may re-file this administrative problem, all whereas Microsoft continues to negotiate with the UK’s CMA. As we famous earlier this week, there are indicators issues might not take that lengthy — Xbox head Phil Spencer advised workers the 2 corporations “stay optimistic that we are going to get our acquisition over the end line.”

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