The Federal Trade Commission (FTC) has taken legal action to prevent Microsoft from acquiring game developer Activision Blizzard. In a complaint filed in San Francisco federal court, the regulatory agency is seeking a temporary restraining order and an injunction to halt the acquisition, which is valued at $69 billion. This move adds another obstacle to Microsoft’s efforts to take over the company behind popular games like “Call of Duty.”
The complaint from the FTC explains that both a temporary restraining order and a preliminary injunction are necessary because Microsoft and Activision have indicated their intention to proceed with the acquisition at any time. Microsoft’s vice chairman and president, Brad Smith, issued a statement expressing their readiness to present their case in federal court. Smith believes that expediting the legal process in the United States will ultimately foster more choice and competition in the market.
It’s worth noting that the FTC previously attempted to block the merger, with a trial scheduled to begin on August 2. The current complaint asks the court to enforce an order preventing the deal from being finalized by Thursday. Meanwhile, the acquisition also faces challenges from regulators in the United Kingdom, as a UK regulator is also seeking to block the deal and an appeal hearing is scheduled to take place shortly.
In conclusion, the FTC’s legal action and the global challenges to Microsoft’s acquisition of Activision Blizzard highlight the potential difficulties that lie ahead for the deal.
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