{"id":35462,"date":"2023-07-14T02:59:37","date_gmt":"2023-07-14T06:59:37","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/ftc-files-appeal-again-seeks-to-block-microsoft-activision-deal\/"},"modified":"2023-07-14T02:59:39","modified_gmt":"2023-07-14T06:59:39","slug":"ftc-files-appeal-again-seeks-to-block-microsoft-activision-deal","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35462","title":{"rendered":"FTC files appeal, again seeks to block Microsoft-Activision deal"},"content":{"rendered":"
\n

The Federal Trade Commission on Thursday asked an appeals court to temporarily block Microsoft Corp.\u2019s $69 billion acquisition of Activision Blizzard Inc. while it challenges a ruling earlier this week green-lighting the deal.<\/p>\n

The FTC on Thursday asked U.S. District Judge Jacqueline Scott Corley to postpone her ruling \u2014 which she promptly denied \u2014 and also appealed to the Ninth U.S. Circuit Court of Appeals in San Francisco to pause the acquisition \u201cto preserve the status quo\u201d while the case is reviewed, claiming it is likely to succeed in its appeal.<\/p>\n

\n

According to the filing, the FTC claims the judge applied the wrong legal standard to its request for a preliminary injunction, and erred in a number of other matters.<\/p>\n

The deal is set to close in the coming days, and letting it happen will \u201cirreparably harm the public interest and the FTC,\u201d regulators said.<\/p>\n

Also see:<\/strong> GOP blasts FTC Chair Khan as a \u2018bully\u2019 after agency\u2019s loss in Microsoft case<\/p>\n

In a response filed with the court, Microsoft said the FTC \u201cfailed to carry its burden on independent, fact-based grounds\u201d and \u201cdragged its heels\u201d before appealing.<\/p>\n

\u201cThe court has already found that it would be inequitable\u201d to order an injunction that could lead to \u201cthe potential scuttling of the merger,\u201d Microsoft said, in asking for the FTC\u2019s request to be denied.<\/p>\n

The FTC has claimed the tie-up of a major videogame platform \u2014 Microsoft\u2019s
\n MSFT,
\n +1.62%<\/bg-quote>
\n \u00a0Xbox \u2014 with a major videogame publisher \u2014 Activision
\n ATVI,
\n -0.51%<\/bg-quote>
\n \u00a0makes the wildly popular \u201cCall of Duty,\u201d among other titles \u2014 would be harmful to the videogame industry and consumers. <\/p>\n

Microsoft has pledged to keep \u201cCall of Duty\u201d available to Sony\u2019s
\n SONY,
\n +2.82%<\/bg-quote>
\n \u00a0PlayStation console for 10 years, and will make it available for Nintendo\u2019s\u00a0
\n 7974,
\n -0.54%<\/bg-quote>
\n \u00a0Switch and some cloud-gaming platforms.<\/p>\n

In her ruling clearing the deal Tuesday, Corley said the FTC did not show \u201cthis particular vertical merger in this specific industry may substantially lessen competition.\u201d<\/p>\n

Bloomberg News reported late Thursday that Microsoft and Activision are considering giving up some control of their cloud-gaming business in the U.K. to win approval of British regulators, who \u2014 if the U.S. appeals court does not act \u2014 are the final hurdle to the deal closing on time.<\/p>\n

FTC Chair Lina Khan testified on Capitol Hill on Thursday, where Republican lawmakers assailed her actions and sharply criticized her agency\u2019s court losses in trying to block the Microsoft-Activision deal and Meta\u2019s
\n META,
\n +1.32%<\/bg-quote>
\n acquisition of a virtual-reality gaming company earlier this year.<\/p>\n

Read more: <\/strong>After Microsoft defeat, \u2018toothless\u2019 FTC needs to pick better battles if it wants to rein in Big Tech<\/p>\n

Also: <\/strong>FTC\u2019s probe of OpenAI marks key moment in Khan\u2019s push to rein in Big Tech<\/p>\n<\/p><\/div>\n<\/div>\n

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

The Federal Trade Commission on Thursday asked an appeals court to temporarily block Microsoft Corp.\u2019s $69 billion acquisition of Activision Blizzard Inc. while it challenges a ruling earlier this week green-lighting the deal. The FTC on Thursday asked U.S. District Judge Jacqueline Scott Corley to postpone her ruling \u2014 which she promptly denied \u2014 and […]<\/p>\n","protected":false},"author":1,"featured_media":35463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-35462","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nFTC files appeal, again seeks to block Microsoft-Activision deal | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The Federal Trade Commission on Thursday asked an appeals court to temporarily block Microsoft Corp.\u2019s $69 billion acquisition of Activision Blizzard Inc.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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