FTC could appeal Microsoft-Activision ruling as soon as Wednesday
Publishing timestamp: 2023-07-12 10:23:14
Summary
The Federal Trade Commission (FTC) may appeal a judge's decision to block Microsoft and Activision Blizzard from closing their $68.7 billion deal. The FTC has not yet made a final decision on appealing, but the temporary restraining order preventing the deal from closing will expire after Friday. The U.K.'s Competition and Markets Authority has also expressed concerns about the deal but has agreed to stay litigation to consider proposals to restructure the deal. Microsoft hopes for a timely resolution and is committed to addressing regulatory concerns.
Sentiment: NEUTRAL
Keywords: gaming software, products and services, technology, united states, breaking news: technology, ftc solar inc, microsoft corp, mobile, social media, breaking news: politics, activision blizzard inc, politics, business news,
Source: https://www.cnbc.com/2023/07/12/ftc-could-appeal-microsoft-activision-ruling-as-soon-as-today.html