The US Federal Trade Commission (FCS) has asked the court to temporarily bar the completion of a deal to acquire Microsoft game developer Activision Blizzard. Reuters writes about it.
The regulator announced its intention to block the deal late last year. The FCS then found that the purchase gave Microsoft an excessive advantage in the console and cloud gaming market. The deal was also blocked by the UK. However, the EU regulator approved the purchase of Activision Blizzard in May.
The trial in the internal administrative court of the FCS is scheduled for August. As the agency writes, Microsoft and Activision “made it clear” that the deal could be completed by the end of this week.
“In light of public reports that Microsoft and Activision Blizzard are considering closing their deal in the near future, we have filed a request for a temporary injunction to prevent them from closing the deal while the review is ongoing,” a spokesperson said. of FCS.
Microsoft reacted to the actions of the FCS, the corporation “welcomes” the consideration of the case in federal court.
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.