{"id":22149,"date":"2023-06-13T16:20:24","date_gmt":"2023-06-13T20:20:24","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/ftc-files-injunction-to-block-microsoft-deal-to-acquire-activision-blizzard\/"},"modified":"2023-06-13T16:20:25","modified_gmt":"2023-06-13T20:20:25","slug":"ftc-files-injunction-to-block-microsoft-deal-to-acquire-activision-blizzard","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=22149","title":{"rendered":"FTC files injunction to block Microsoft deal to acquire Activision Blizzard"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Investing.com — The Federal Trade Commission on Monday filed a preliminary injunction and temporary restraining to block Microsoft\u2019s $68.7 billion acquisition of Activision Blizzard (NASDAQ:) amid anti-trust concerns.<\/p>\n

\u201cA preliminary injunction is necessary to maintain the status quo and prevent interim harm to competition during the pendency of the FTC\u2019s administrative proceeding to determine whether the Proposed Acquisition violates U.S. antitrust law,\u201d the FTC said in a filing on Monday.<\/p>\n

\u201cA temporary restraining order is necessary to maintain the status quo while this Court decides whether to grant the requested preliminary injunction,” it added.<\/p>\n

The move to block the deal comes just ahead of the July 18 deadline, when Microsoft (NASDAQ:) said it intended to close the deal. If the tech giant failes to get the deal over line, it would be on the hook for $3B in breakup fees to Activision Blizzard.<\/p>\n

The FTC alleged the acquisition would allow Microsoft to suppress competitors including Sony <\/span><\/span> (NYSE:) by making Activision Blizzard’s top titles exclusive to Xbox gaming consoles. <\/p>\n

“With control of Activision\u2019s content, Microsoft would have the ability and increased incentive to withhold or degrade Activision\u2019s content in ways that substantially lessen competition\u2014including competition on product quality, price, and innovation,” the FTC said in a court filing. <\/p>\n

Microsoft and Activision Blizzard were up marginally in after-hours trade.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Investing.com — The Federal Trade Commission on Monday filed a preliminary injunction and temporary restraining to block Microsoft\u2019s $68.7 billion acquisition of Activision Blizzard (NASDAQ:) amid anti-trust concerns. \u201cA preliminary injunction is necessary to maintain the status quo and prevent interim harm to competition during the pendency of the FTC\u2019s administrative proceeding to […]<\/p>\n","protected":false},"author":1,"featured_media":22150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-22149","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nFTC files injunction to block Microsoft deal to acquire Activision Blizzard | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Investing.com -- The Federal Trade Commission on Monday filed a preliminary injunction and temporary restraining to block Microsoft\u2019s $68.7\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=22149\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTC files injunction to block Microsoft deal to acquire Activision Blizzard | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. Investing.com -- The Federal Trade Commission on Monday filed a preliminary injunction and temporary restraining to block Microsoft\u2019s $68.7\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=22149\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-13T20:20:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-13T20:20:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/LYNXNPEC0R1HP_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=22149#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=22149\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"FTC files injunction to block Microsoft deal to acquire Activision Blizzard\",\"datePublished\":\"2023-06-13T20:20:24+00:00\",\"dateModified\":\"2023-06-13T20:20:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=22149\"},\"wordCount\":240,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=22149#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=22149\",\"url\":\"https:\/\/ifintechworld.com\/?p=22149\",\"name\":\"FTC files injunction to block Microsoft deal to acquire Activision Blizzard | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-13T20:20:24+00:00\",\"dateModified\":\"2023-06-13T20:20:25+00:00\",\"description\":\"\u00a9 Reuters. Investing.com -- The Federal Trade Commission on Monday filed a preliminary injunction and temporary restraining to block Microsoft\u2019s $68.7\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=22149#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=22149\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=22149#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FTC files injunction to block Microsoft deal to acquire Activision Blizzard\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FTC files injunction to block Microsoft deal to acquire Activision Blizzard | iFintechWorld","description":"\u00a9 Reuters. Investing.com -- The Federal Trade Commission on Monday filed a preliminary injunction and temporary restraining to block Microsoft\u2019s $68.7","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=22149","og_locale":"en_US","og_type":"article","og_title":"FTC files injunction to block Microsoft deal to acquire Activision Blizzard | iFintechWorld","og_description":"\u00a9 Reuters. Investing.com -- The Federal Trade Commission on Monday filed a preliminary injunction and temporary restraining to block Microsoft\u2019s $68.7","og_url":"https:\/\/ifintechworld.com\/?p=22149","og_site_name":"iFintechWorld","article_published_time":"2023-06-13T20:20:24+00:00","article_modified_time":"2023-06-13T20:20:25+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/LYNXNPEC0R1HP_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=22149#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=22149"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"FTC files injunction to block Microsoft deal to acquire Activision Blizzard","datePublished":"2023-06-13T20:20:24+00:00","dateModified":"2023-06-13T20:20:25+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=22149"},"wordCount":240,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=22149#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=22149","url":"https:\/\/ifintechworld.com\/?p=22149","name":"FTC files injunction to block Microsoft deal to acquire Activision Blizzard | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-13T20:20:24+00:00","dateModified":"2023-06-13T20:20:25+00:00","description":"\u00a9 Reuters. Investing.com -- The Federal Trade Commission on Monday filed a preliminary injunction and temporary restraining to block Microsoft\u2019s $68.7","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=22149#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=22149"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=22149#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"FTC files injunction to block Microsoft deal to acquire Activision Blizzard"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/22149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22149"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/22149\/revisions"}],"predecessor-version":[{"id":22151,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/22149\/revisions\/22151"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/22150"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}