The merger between Microsoft and Activision Blizzard, a leading gaming company, is set to proceed following the denial of the Federal Trade Commission’s (FTC) attempt to block the $68.7 billion deal by an appeals court on Friday. The FTC argued that this merger would have a negative impact on competition in the gaming market, as …
The Federal Trade Commission (FTC) is filing an appeal against a judge’s ruling that allowed the acquisition of Activision Blizzard by Microsoft. The appeal has been submitted to the U.S. Court of Appeals for the 9th Circuit, the day after U.S. District Judge Jacqueline Scott Corley denied the FTC’s request to halt the deal. The …
A federal judge in Northern California has denied the Federal Trade Commission’s request to halt Microsoft’s $69 billion acquisition of Activision Blizzard, while the FTC appeals the deal. U.S. District Judge Jacqueline Scott Corley ruled on Tuesday that Microsoft’s takeover of the video game giant can proceed, going against the FTC’s desires. In response, the …
Federal Trade Commission Chair Lina Khan, who recently faced a setback in her attempt to block Microsoft’s acquisition of Activision, is now facing a grilling on Capitol Hill. Members of the House Oversight Committee, namely Jim Jordan and Nancy Mace, are leading a panel that will question Khan on a range of issues, including alleged …
Stocks closed higher on Wall Street on Tuesday as investors eagerly awaited updates on inflation and corporate profits. The S&P 500 experienced a 0.7% increase, rising to 4,439.26. The Dow Jones Industrial Average gained 317.02 points, or 0.9%, reaching 34,261.42. Meanwhile, the Nasdaq composite added 75.22, or 0.5%, and settled at 13,760.70. Notably, a significant …
Microsoft’s $69 billion takeover of video game company Activision Blizzard has been granted approval by a federal judge, marking a significant win for Microsoft. In her ruling, US District Judge Jacqueline Scott Corley stated that the Federal Trade Commission (FTC) has not provided evidence to suggest that this merger would substantially lessen competition. The …
In a significant ruling, a US judge has given Microsoft the green light to proceed with its $69 billion acquisition of Activision Blizzard, dismissively rejecting the request from antitrust enforcers for a preliminary injunction to temporarily halt the deal. The court has extended its temporary restraining order until Friday at 11:59 pm to allow the …
The Federal Trade Commission has filed a lawsuit to block Microsoft’s proposed acquisition of video game company Activision Blizzard. This antitrust challenge could potentially expedite the conclusion of the merger. In a filing on Monday, the FTC requested a restraining order and injunction to halt Microsoft’s $69 billion purchase of the California-based gaming company, …
When I listen to the voice recording I made at the Irvine, California, headquarters of the video-game company Blizzard Entertainment this past January, I hear a noise that many gamers find blissful: the sound of utter mayhem. Playing a prerelease version of Diablo IV, the latest installment in a 26-year-old adventure series about battling the …