The US Federal Trade Commission (FTC) has temporarily banned Microsoft’s $68.7 billion bid to buy Activision Blizzard.
As a result of the development that emerged on Monday, the FTC’s attempt to buy Microsoft resulted in an injunction. With this development, Microsoft is prevented from taking any steps regarding Activision Blizzard. The matter was moved to the federal court, which is a supreme court.
FTC temporarily halts Microsoft’s acquisition of Activision Blizzard
Microsoft, on the other hand, stated that it welcomed the development, saying that it would speed up the process in the face of this decision of the court.
Microsoft president Brad Smith, Eurogamer“We welcome the opportunity to present our case in federal court, and we believe that speeding up the legal process in the United States will ultimately bring more choice and competition to the market,” he told . said.
On the other hand, in the UK, preparations are being made for Microsoft’s appeal. The start date of the court is 24 July. If even a judge in this case views Microsoft’s purchase favorably, the decision will have to go back to the Competition and Markets Authority for reconsideration.
Earlier this week, Xbox boss Phil Spencer said he expected the deal to happen eventually, although he acknowledged that the deal was “in focus.”