The Morning After: The FTC is challenging Microsoft’s Activision buyout, again
Just when Microsoft’s buyout of Activision finally seemed to be near complete — and we could focus on Google’s legal tussles with the Department of Justice — the Federal Trade Commission said it will revive its attempt to block the $69 billion deal in an adjudicative process. Microsoft received EU approval over the summer when the European Commission endorsed the deal as long as the tech giant could ensure “full compliance with commitments.”
Normally, the FTC drops its challenges to deals when efforts are lost in federal court. This move will not delay the deal, though in the worst-case scenario, Microsoft might have to sell off parts of the gaming company. Microsoft told Bloomberg it’s not concerned about the move preventing its purchase. Regardless of the impact it could have, the FTC’s in-house hearing will only start after the Ninth Circuit issues an opinion on the appeal.
— Mat Smith
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This article originally appeared on Engadget at https://www.engadget.com/the-morning-after-the-ftc-is-challenging-microsofts-activision-buyout-again-111600835.html?src=rss
Just when Microsoft’s buyout of Activision finally seemed to be near complete — and we could focus on Google’s legal tussles with the Department of Justice — the Federal Trade Commission said it will revive its attempt to block the $69 billion deal in an adjudicative process. Microsoft received EU…
