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“FTC Aims to Block Microsoft’s Acquisition of Activision Blizzard with an Injunction”

FTC to file injunction seeking to block Microsoft's acquisition of Activision Blizzard

FTC to file injunction seeking to block Microsoft’s acquisition of Activision Blizzard

The Federal Trade Commission (FTC) is set to file for an injunction to block Microsoft’s proposed acquisition of Activision Blizzard. This comes after the FTC had already filed a lawsuit to block the $68.7 billion acquisition, but chose to bring the case before its internal administrative law judge.

Through the trial-like process, the ALJ would make an initial decision that could be appealed to the full commission for a vote. If the case is not resolved at the commission level, the respondent could appeal to a federal court. This news is developing, and updates will be provided as they become available.

FAQs:

What is the proposed acquisition in question?
Microsoft’s proposed acquisition of Activision Blizzard, a major player in the video game industry.

Why is the FTC seeking to block the acquisition?
It is unclear at this time why the FTC is seeking to block the acquisition, but further information may be provided as the case develops.

What is the process for resolving this case?
The case will be heard before the FTC’s internal administrative law judge, who will make an initial decision that can be appealed to the full commission for a vote. If the case is not resolved at the commission level, the respondent can appeal to a federal court.

Will there be updates on this case?
Yes, updates will be provided as they become available.

FTC to file injunction seeking to block Microsoft's acquisition of Activision Blizzard
FTC to file injunction seeking to block Microsoft’s acquisition of Activision Blizzard

Microsoft’s Acquisition of Activision Blizzard to Face Injunction Filing by FTC

The Federal Trade Commission is reportedly planning to seek an injunction that would halt Microsoft’s proposed acquisition of gaming giant Activision Blizzard. An individual familiar with the matter revealed this information to CNBC. The FTC had previously sued to block the $68.7 billion deal. However, it chose to take the matter before its internal administrative law judge, where the judge would make an initial ruling that could then be appealed to the full commission. The respondent could then appeal to a federal court. This is a developing story and updates will be provided as they become available.

FTC Chairwoman Lina Khan testifies during the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce hearing on the “FY2024 Federal Trade Commission Budget,” in Rayburn Building on Tuesday, April 18, 2023.

Tom Williams | Cq-roll Call, Inc. | Getty Images

The Federal Trade Commission is set to file for an injunction seeking to block Microsoft’s proposed acquisition of Activision Blizzard, a person familiar with the matter told CNBC.

The FTC had already sued to block the $68.7 billion acquisition, but chose to bring the case before its internal administrative law judge. Through that trial-like process, the ALJ would make an initial decision that could be appealed to the full commission for a vote. After that, the respondent could appeal to a federal court.

This is breaking news. Please check back for updates.

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