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Microsoft Wins Court Case Against FTC To Buy Activision Blizzard
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https://www.gamespot.com/articles/microsoft-wins-court-case-against-ftc-to-buy-activision-blizzard/1100-6515704/?ftag=CAD-01-10abi2f
image
https://www.gamespot.com/a/uploads/screen_medium/1179/11799911/4161579-xbox.jpg
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description
Microsoft's bid to purchase Activision Blizzard for $68.7 billion has cleared another major hurdle, paving the way for the Xbox company to press ahead and complete the deal. In its court case against the FTC, which was seeking an injunction to at least temporarily hold up the deal, Microsoft has emerged victorious.
The FTC will still hold an antitrust trial on the situation beginning on August 2, but US district judge Jaqueline Scott Corley's decision means that the FTC will not receive the temporary injunction to prevent the deal from moving ahead in the meantime. Corley's decision can be appealed, but we don't yet know if the FTC will do so. It has through July 14 to appeal.
The decision was handed down on July 11, with Corley disagreeing with the FTC's argument. Sony and other opponents of the deal said it was anti-competitive. As of yet, Sony has yet to respond or react to the FTC's decision.
In the UK, the Competition & Markets Authority blocked the deal over concerns about the cloud gaming market. The European Union, meanwhile, ruled that the deal can go through.
It remains to be seen how the FTC's decision might affect things globally. Prior to the FTC giving the OK, Microsoft already had approvals for the deal in 35+ countries.
It has a deadline of July 18 to close the deal and may now look to do so, although the UK's block will still need to be navigated in one way or another.
In a statement shared with GameSpot, Activision Blizzard CEO Bobby Kotick said, "Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry."
In the US, the court case saw high-profile testimony from Microsoft CEO Satya Nadella, Kotick, Microsoft Gaming president Phil Spencer, and many others. There were a number of notable claims made, including a belief from Microsoft that Sony will launch a PS5 Slim this year for $400.
content_html
Microsoft's bid to purchase Activision Blizzard for $68.7 billion has cleared another major hurdle, paving the way for the Xbox company to press ahead and complete the deal. In its court case against the FTC, which was seeking an injunction to at least temporarily hold up the deal, Microsoft has emerged victorious.
The FTC will still hold an antitrust trial on the situation beginning on August 2, but US district judge Jaqueline Scott Corley's decision means that the FTC will not receive the temporary injunction to prevent the deal from moving ahead in the meantime. Corley's decision can be appealed, but we don't yet know if the FTC will do so. It has through July 14 to appeal.
The decision was handed down on July 11, with Corley disagreeing with the FTC's argument. Sony and other opponents of the deal said it was anti-competitive. As of yet, Sony has yet to respond or react to the FTC's decision.
In the UK, the Competition & Markets Authority blocked the deal over concerns about the cloud gaming market. The European Union, meanwhile, ruled that the deal can go through.
It remains to be seen how the FTC's decision might affect things globally. Prior to the FTC giving the OK, Microsoft already had approvals for the deal in 35+ countries.
It has a deadline of July 18 to close the deal and may now look to do so, although the UK's block will still need to be navigated in one way or another.
In a statement shared with GameSpot, Activision Blizzard CEO Bobby Kotick said, "Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry."
In the US, the court case saw high-profile testimony from Microsoft CEO Satya Nadella, Kotick, Microsoft Gaming president Phil Spencer, and many others. There were a number of notable claims made, including a belief from Microsoft that Sony will launch a PS5 Slim this year for $400.
content_text
Microsoft's bid to purchase Activision Blizzard for $68.7 billion has cleared another major hurdle, paving the way for the Xbox company to press ahead and complete the deal. In its court case against the FTC, which was seeking an injunction to at least temporarily hold up the deal, Microsoft has emerged victorious.The FTC will still hold an antitrust trial on the situation beginning on August 2, but US district judge Jaqueline Scott Corley's decision means that the FTC will not receive the temporary injunction to prevent the deal from moving ahead in the meantime. Corley's decision can be appealed, but we don't yet know if the FTC will do so. It has through July 14 to appeal.The decision was handed down on July 11, with Corley disagreeing with the FTC's argument. Sony and other opponents of the deal said it was anti-competitive. As of yet, Sony has yet to respond or react to the FTC's decision.In the UK, the Competition & Markets Authority blocked the deal over concerns about the cloud gaming market. The European Union, meanwhile, ruled that the deal can go through.It remains to be seen how the FTC's decision might affect things globally. Prior to the FTC giving the OK, Microsoft already had approvals for the deal in 35+ countries.It has a deadline of July 18 to close the deal and may now look to do so, although the UK's block will still need to be navigated in one way or another. In a statement shared with GameSpot, Activision Blizzard CEO Bobby Kotick said, "Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry." In the US, the court case saw high-profile testimony from Microsoft CEO Satya Nadella, Kotick, Microsoft Gaming president Phil Spencer, and many others. There were a number of notable claims made, including a belief from Microsoft that Sony will launch a PS5 Slim this year for $400.
pub_date
11 July 2023, 4:07 pm
guid
1100-6515704
creator
Chris Pereira
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uid: 6VCBM
insdate: 2023-07-11 15:20:01
title: Microsoft Wins Court Case Against FTC To Buy Activision Blizzard
additional:
category: Game Spot
md5: e482c1f3756d0ad54ba99b3e317771a0
link: https://www.gamespot.com/articles/microsoft-wins-court-case-against-ftc-to-buy-activision-blizzard/1100-6515704/?ftag=CAD-01-10abi2f
image: https://www.gamespot.com/a/uploads/screen_medium/1179/11799911/4161579-xbox.jpg
image_imgur: https://i.imgur.com/KOzLog6.png
description:
Microsoft's bid to purchase Activision Blizzard for $68.7 billion has cleared another major hurdle, paving the way for the Xbox company to press ahead and complete the deal. In its court case against the FTC, which was seeking an injunction to at least temporarily hold up the deal, Microsoft has emerged victorious.
The FTC will still hold an antitrust trial on the situation beginning on August 2, but US district judge Jaqueline Scott Corley's decision means that the FTC will not receive the temporary injunction to prevent the deal from moving ahead in the meantime. Corley's decision can be appealed, but we don't yet know if the FTC will do so. It has through July 14 to appeal.
The decision was handed down on July 11, with Corley disagreeing with the FTC's argument. Sony and other opponents of the deal said it was anti-competitive. As of yet, Sony has yet to respond or react to the FTC's decision.
In the UK, the Competition & Markets Authority blocked the deal over concerns about the cloud gaming market. The European Union, meanwhile, ruled that the deal can go through.
It remains to be seen how the FTC's decision might affect things globally. Prior to the FTC giving the OK, Microsoft already had approvals for the deal in 35+ countries.
It has a deadline of July 18 to close the deal and may now look to do so, although the UK's block will still need to be navigated in one way or another.
In a statement shared with GameSpot, Activision Blizzard CEO Bobby Kotick said, "Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry."
In the US, the court case saw high-profile testimony from Microsoft CEO Satya Nadella, Kotick, Microsoft Gaming president Phil Spencer, and many others. There were a number of notable claims made, including a belief from Microsoft that Sony will launch a PS5 Slim this year for $400.
content_html:
Microsoft's bid to purchase Activision Blizzard for $68.7 billion has cleared another major hurdle, paving the way for the Xbox company to press ahead and complete the deal. In its court case against the FTC, which was seeking an injunction to at least temporarily hold up the deal, Microsoft has emerged victorious.
The FTC will still hold an antitrust trial on the situation beginning on August 2, but US district judge Jaqueline Scott Corley's decision means that the FTC will not receive the temporary injunction to prevent the deal from moving ahead in the meantime. Corley's decision can be appealed, but we don't yet know if the FTC will do so. It has through July 14 to appeal.
The decision was handed down on July 11, with Corley disagreeing with the FTC's argument. Sony and other opponents of the deal said it was anti-competitive. As of yet, Sony has yet to respond or react to the FTC's decision.
In the UK, the Competition & Markets Authority blocked the deal over concerns about the cloud gaming market. The European Union, meanwhile, ruled that the deal can go through.
It remains to be seen how the FTC's decision might affect things globally. Prior to the FTC giving the OK, Microsoft already had approvals for the deal in 35+ countries.
It has a deadline of July 18 to close the deal and may now look to do so, although the UK's block will still need to be navigated in one way or another.
In a statement shared with GameSpot, Activision Blizzard CEO Bobby Kotick said, "Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry."
In the US, the court case saw high-profile testimony from Microsoft CEO Satya Nadella, Kotick, Microsoft Gaming president Phil Spencer, and many others. There were a number of notable claims made, including a belief from Microsoft that Sony will launch a PS5 Slim this year for $400.
content_text: Microsoft's bid to purchase Activision Blizzard for $68.7 billion has cleared another major hurdle, paving the way for the Xbox company to press ahead and complete the deal. In its court case against the FTC, which was seeking an injunction to at least temporarily hold up the deal, Microsoft has emerged victorious.The FTC will still hold an antitrust trial on the situation beginning on August 2, but US district judge Jaqueline Scott Corley's decision means that the FTC will not receive the temporary injunction to prevent the deal from moving ahead in the meantime. Corley's decision can be appealed, but we don't yet know if the FTC will do so. It has through July 14 to appeal.The decision was handed down on July 11, with Corley disagreeing with the FTC's argument. Sony and other opponents of the deal said it was anti-competitive. As of yet, Sony has yet to respond or react to the FTC's decision.In the UK, the Competition & Markets Authority blocked the deal over concerns about the cloud gaming market. The European Union, meanwhile, ruled that the deal can go through.It remains to be seen how the FTC's decision might affect things globally. Prior to the FTC giving the OK, Microsoft already had approvals for the deal in 35+ countries.It has a deadline of July 18 to close the deal and may now look to do so, although the UK's block will still need to be navigated in one way or another. In a statement shared with GameSpot, Activision Blizzard CEO Bobby Kotick said, "Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry." In the US, the court case saw high-profile testimony from Microsoft CEO Satya Nadella, Kotick, Microsoft Gaming president Phil Spencer, and many others. There were a number of notable claims made, including a belief from Microsoft that Sony will launch a PS5 Slim this year for $400.
pub_date: 11 July 2023, 4:07 pm
guid: 1100-6515704
creator: Chris Pereira
related_games:
processed: TRUE