News reports that the US FTC will attempt to prevent Microsoft from acquiring Activision Blizzard
IT House reported on June 13 that, according to CNBC, a person familiar with the matter said that the Federal Trade Commission (FTC) would apply for a ban today to try to prevent Microsoft from acquiring Activision Blizzard.Microsoft announced in January last year that it would acquire Activision Blizzard for $68
IT House reported on June 13 that, according to CNBC, a person familiar with the matter said that the Federal Trade Commission (FTC) would apply for a ban today to try to prevent Microsoft from acquiring Activision Blizzard.
Microsoft announced in January last year that it would acquire Activision Blizzard for $68.7 billion (currently approximately RMB 489.831 billion), marking the largest acquisition in the gaming industry's history. The deadline for the transaction is July 18th.
The FTC has filed a lawsuit against this transaction, requesting its internal administrative judge to conduct a trial. Through this trial like procedure, the judge will make a preliminary decision, which can then be appealed to the Committee of the Whole. If Microsoft is not satisfied with the committee's voting results, it can also appeal to the federal court. This case will be submitted to the Administrative Law Judge for trial in August.
In addition, the UK Competition and Market Authority (CMA) has also decided to block this transaction, and Microsoft plans to appeal against it this summer.
Microsoft President Brad Smith said, "We are delighted to have the opportunity to present our case in federal court. We believe that accelerating legal proceedings in the United States will ultimately bring more choices and competition to the market
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