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Microsoft May Abandon Its Activision Blizzard Acquisition Thanks To The FTC

ashwin36 by ashwin36
June 18, 2023
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Microsoft May Abandon Its Activision Blizzard Acquisition Thanks To The FTC

Whereas it may need seen like the largest hurdle Microsoft must soar to get its acquisition of Activision Blizzard by was the UK’s CMA, it now appears as if it may very well be the FTC that actually kill the deal.

Noticed by TweakTown, in latest court docket filings its Microsoft’s personal authorized counsel that admit if the choose grants the preliminary injunction that the FTC is requesting, that might end in Microsoft abandoning the merger.

Whereas it may very well be the case that issues go Microsoft’s means, if awarded the injunction, Microsoft’s counsel cites how the authorized battle which might observe would transfer at a tempo that’s “glacial,” permitting issues to probably drag on for years.

Microsoft’s counsel calls it “a timeframe no merger might survive.”

Although Microsoft and Activision are hoping to get by the attraction course of for the UK’s CMA fast as it could actually, even when Microsoft wins its attraction that will solely restart the method with the CMA opening a second investigation into the deal, at which level it might nonetheless return a block choice.

There may be a world through which Microsoft will get the deal by in every single place besides the UK and has to work round that market in bizarre methods, however there’s no world through which Microsoft would do the identical with the US market.

In any case, it nonetheless looks as if it’ll be a while earlier than the destiny of the deal is really determined.

Supply – [TweakTown]

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Tags: abandonacquisitionActivisionBlizzardFTCMicrosoft
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