The Federal Trade Commission (FTC) has taken a new approach in its battle against Microsoft’s $75 billion acquisition of game-maker Activision. The agency has withdrawn its case before an in-house judge, a move that signifies a setback in their pursuit to block the deal. Previously, the FTC’s attempts to halt the transaction were denied by both a district court and an appeals court.
The agency had another avenue to challenge the acquisition through an administrative law judge, which was set to go to trial on August 2nd. However, the FTC has temporarily suspended this attack, as stated in an order by FTC Secretary April Tabor.
In response, Microsoft and Activision filed a motion on the FTC’s website, emphasizing that the withdrawal of the case is required and in the best interest of the public. The companies pointed out that the district court had thoroughly evaluated the FTC’s claims and determined that it was unlikely for the Commission to succeed based on multiple sufficient reasons.
Microsoft aims to acquire Activision, the creator of popular game “Call of Duty,” and their motion reinforces their confidence in the legitimacy and benefits of the deal.
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