A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. Regulators sought to ax the deal saying it will hurt competition.
A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.U.S. District Judge Jacqueline Scott Corley said in a ruling that the merger deserved scrutiny, noting it could be the largest in the history of the tech industry. But federal regulators were unable to show how it would cause serious harm and wouldn't likely prevail if they took it to a full trial, she wrote.
“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,” Kotick said in a written statement after Tuesday's ruling. The decision is a setback for the FTC’s heightened scrutiny of the technology industry under Chairperson Lina Khan, who was
Corley, herself a Biden nominee, expressed skepticism about the FTC’s case during the proceedings, particularly about the hypothetical harms caused if Microsoft were to remove Call of Duty from rival platforms or offer a subpar experience on competing consoles.
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Judge declines to block Microsoft's record $69 billion deal to buy Activision BlizzardA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. Regulators are seeking to ax the deal because they say it will hurt competition.
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Judge declines to block Microsoft's record $69 billion deal to buy Activision BlizzardA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. Regulators are seeking to ax the deal because they say it will hurt competition.
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Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
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Microsoft Can Close $69 Billion Activision Blizzard Merger, Judge RulesThe Federal Trade Commission sought to stop the massive merger, arguing it would stifle competition—but a judge sided with Microsoft and Activision Blizzard.
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Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Leer más »
Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Leer más »