What’s happening with Microsoft’s acquisition of Activision Blizzard

  • Leader
    September 5, 2023 9:12 AM PDT
    I thought Microsoft already acquisitioned Blizzard? https://www.polygon.com/23546288/microsoft-activision-blizzard-acquisition-deal-merger-ftc-latest-news

    According to Reuters and Bloomberg,the Federal Trade Commission has withdrawn its administrative case against Microsoft’s acquisition of Activision Blizzard, which was due to go before an in-house judge in August. Microsoft and Activision had requested the case be withdrawn after the FTC lost its case arguing for a block on the deal in district court, and was denied an extension of a temporary block by an appeals court.

    The move means Microsoft and Activision can now try to persuade the U.S. antitrust regulator to accept a settlement. After its loss in court, the FTC doesn’t have a lot of leverage, although Microsoft may wish to offer some token of compromise to show that it’s willing to work with regulators and governments.