US Court Allows Microsoft to Complete Acquisition of Activision Blizzard – Kommersant
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Today, July 11, the San Francisco court ruled solution in favor of Microsoft, allowing it to complete the deal to purchase game maker Activision Blizzard for $68.7 billion. achieved a temporary ban on the completion of the transaction, and then demanded to extend this ban. If the FTC succeeded in doing so, the companies might not be able to close the deal by the July 18 deadline set in the agreement. Now the companies have time to complete the transaction without violating the terms of the purchase.
Microsoft agreed to buy Activision Blizzard for $68.7 billion in January 2022. However, the merger was opposed FTC and the UK Competition and Markets Authority. The British regulator banned the merger of Microsoft and Activision Blizzard assets in the UK. At the same time, the European Commission approved deal after Microsoft promised to enter into licensing agreements for Activision games with other gaming services.
The American FTC expressed its dissatisfaction with the decision of the San Francisco court and promised to consider new possible steps in the coming days. Shares of Activision Blizzard jumped 11% after the publication of the court decision.
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