FTC to appeal Microsoft/Activivision Blizzard merger



CNN

The Federal Trade Commission said Wednesday it plans to appeal the decision Earlier this week A district court judge has allowed Microsoft to close its $69 billion Activision Blizzard merger.

The legal filing comes after a failed attempt by the FTC to block the deal Accusations This merger will harm competition by offering Microsoft

(MSFT)
Exclusive control over major video game titles such as “Call of Duty.”

U.S. District Judge Jacqueline Scott Corley said Tuesday that she could not block Microsoft from closing the deal as the FTC requested.

The FTC was He asked for a preliminary injunction A separate legal challenge to the merger is emerging in the agency’s intra-administrative court.

Tuesday’s decision paves the way for Microsoft to finalize its deal with Activision just days ahead of the July 18 contract deadline. Alternatively, the companies may mutually seek to extend that deadline.

Completing the deal would make Microsoft the world’s third-largest video game publisher, behind Tencent and Sony.

On Tuesday, Corley The U.S. government “has not shown that the combined entity would draw Call of Duty from Sony PlayStation, or that Activision’s ownership of the content would significantly lessen competition in the video game library subscription and cloud gaming markets.”

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