• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Tech

FTC loses appeals court bid to temporarily block Microsoft-Activision deal

by
July 16, 2023
in Tech
0
FTC loses appeals court bid to temporarily block Microsoft-Activision deal
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Satya Nadella, CEO of Microsoft

CNBC

In a victory for Microsoft, the U.S. Appeals Court for the 9th Circuit late on Friday denied the Federal Trade Commission’s motion to temporarily stop Microsoft from closing its $68.7 billion acquisition of video game publisher Activision Blizzard.

Microsoft is still working to resolve concerns about the transaction from the United Kingdom’s Competition and Markets Authority. The two companies have been looking to close the deal by July 18.

“We appreciate the Ninth Circuit’s swift response denying the FTC’s motion to further delay the deal. This brings us another step closer to the finish line in this marathon of global regulatory reviews,” Brad Smith, Microsoft’s president and vice chair, said in a statement

A federal judge in San Francisco, after five days of court hearings, ruled against the FTC on Tuesday, and the federal agency filed its appeal on Wednesday.

The FTC first sued to block the acquisition last December, then filed for an emergency injunction to block the completion of the deal before it could have an agency administrative law judge take it up. The FTC has argued that the transaction was anti-competitive because Microsoft might make some of its games exclusive to its own Xbox game consoles or diminish the experience of Activision games such as the popular Call of Duty titles on rival services should the deal close. Microsoft has said it would instead make the games more widely available.

In an emergency motion filed with the 9th Circuit on Thursday, the FTC said the district judge “denied preliminary relief, applying the wrong legal standard: the court effectively required the FTC to prove its full case on the merits with the court as arbiter of the merger’s legality.” The agency requested a temporary injunction while the court considered an appeal of the district court’s conclusion.

Under the leadership of Lina Khan, the FTC has lost other battles with technology companies, including its effort to stop Meta Platforms from buying virtual reality fitness app startup Within.

The FTC declined to comment.

Tags: Activision Blizzard IncappealsBidblockBreaking News: Technologybusiness newscourtDealFTCLosesMicrosoft CorpMicrosoftActivisiontemporarily
Previous Post

Could the Ripple Ruling Spell the End of Regulation by Enforcement?

Next Post

Multibagger tracker: How Rs 10,000 investment in this BSE500 stock turned into Rs 5 lakh in just 10 years

Next Post
Multibagger tracker: How Rs 10,000 investment in this BSE500 stock turned into Rs 5 lakh in just 10 years

Multibagger tracker: How Rs 10,000 investment in this BSE500 stock turned into Rs 5 lakh in just 10 years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

As Binance works toward redemption, CEO says Trump has been ‘fantastic’ for crypto

March 23, 2025
Why startups and tech giants are racing to build a practical quantum computer

Why startups and tech giants are racing to build a practical quantum computer

March 23, 2025
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

July 18, 2023
Bitcoin Holds Critical Support At ,444 As Bulls Target Key Resisitance

Bitcoin Holds Critical Support At $83,444 As Bulls Target Key Resisitance

March 23, 2025
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
Dow futures jump nearly 400 points as markets eye another serving of the TACO trade after Trump says ‘Don’t worry about China’ | Fortune

Dow futures jump nearly 400 points as markets eye another serving of the TACO trade after Trump says ‘Don’t worry about China’ | Fortune

October 13, 2025
Hamas publishes names of 20 Israeli hostages to be released

Hamas publishes names of 20 Israeli hostages to be released

October 13, 2025
Has Ethereum Price Reached Its Cycle Top Yet? This Metric Says ETH Might Not Be Done | Bitcoinist.com

Has Ethereum Price Reached Its Cycle Top Yet? This Metric Says ETH Might Not Be Done | Bitcoinist.com

October 13, 2025
Stocks to buy in 2025 for long term: HDFC Life, SBI Life among 4 stocks that could give 12-24% return – Brokerage Recommendations

Stocks to buy in 2025 for long term: HDFC Life, SBI Life among 4 stocks that could give 12-24% return – Brokerage Recommendations

October 13, 2025

Recent News

Dow futures jump nearly 400 points as markets eye another serving of the TACO trade after Trump says ‘Don’t worry about China’ | Fortune

Dow futures jump nearly 400 points as markets eye another serving of the TACO trade after Trump says ‘Don’t worry about China’ | Fortune

October 13, 2025
Hamas publishes names of 20 Israeli hostages to be released

Hamas publishes names of 20 Israeli hostages to be released

October 13, 2025
Has Ethereum Price Reached Its Cycle Top Yet? This Metric Says ETH Might Not Be Done | Bitcoinist.com

Has Ethereum Price Reached Its Cycle Top Yet? This Metric Says ETH Might Not Be Done | Bitcoinist.com

October 13, 2025
Stocks to buy in 2025 for long term: HDFC Life, SBI Life among 4 stocks that could give 12-24% return – Brokerage Recommendations

Stocks to buy in 2025 for long term: HDFC Life, SBI Life among 4 stocks that could give 12-24% return – Brokerage Recommendations

October 13, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

Dow futures jump nearly 400 points as markets eye another serving of the TACO trade after Trump says ‘Don’t worry about China’ | Fortune

Dow futures jump nearly 400 points as markets eye another serving of the TACO trade after Trump says ‘Don’t worry about China’ | Fortune

October 13, 2025
Hamas publishes names of 20 Israeli hostages to be released

Hamas publishes names of 20 Israeli hostages to be released

October 13, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.