Activision blizzard's stock dropped $3.7 billion following the diablo immortal announcement2/23/2024 ![]() ![]() ![]() antitrust regulator’s decision to block the acquisition has been officially paused for two months while the two sides attempt to come to a new agreement. Microsoft and Activision’s appeal against the U.K. ![]() Microsoft and UK regulator given two months to arrive at new agreement regulator and find a solution to its concerns. This will give the companies time to negotiate with the U.K. ![]() On July 19, Microsoft and Activision announced that they had agreed to push back the deadline on the acquisition by three months, to Oct. Microsoft and Activision delay deal deadline by three months 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. antitrust regulator to accept a settlement. The move means Microsoft and Activision can now try to persuade the U.S. Microsoft and Activision had requested the case be withdrawn after the FTC lost its case arguing for a block on the deal in district court, and was denied an extension of a temporary block by an appeals court. FTC withdraws its case against the merger, clearing way for talksĪccording to Reuters and Bloomberg, the Federal Trade Commission has withdrawn its administrative case against Microsoft’s acquisition of Activision Blizzard, which was due to go before an in-house judge in August. Here’s the latest on Microsoft’s plans to snap up Activision Blizzard. The European Union, meanwhile, has given the deal its seal of approval. Federal Trade Commission has withdrawn its attempt block the deal legally after a federal judge ruled in favor of Microsoft being allowed to close the deal. Microsoft is attempting to persuade regulators around the world to clear its $68.7 billion acquisition of Activision Blizzard - the biggest deal of its kind the gaming industry has ever seen.Īmid concerns about its effect on competition in the industry - particularly in the nascent cloud gaming market - and in the face of ardent lobbying against the deal by competitor Sony, the U.K.’s Competition and Markets Authority first decided to block the acquisition, then agreed to further talks with Microsoft and Activision. ![]()
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