FTC loses appeals court bid to temporarily block Microsoft-Activision deal
Publishing timestamp: 2023-07-14 19:29:21
Summary
The U.S. Appeals Court for the 9th Circuit has denied the Federal Trade Commission's appeal to stop Microsoft's acquisition of Activision Blizzard. Microsoft is still working to address concerns from the UK's Competition and Markets Authority. The two companies aim to close the deal by July 18. The FTC argued that the transaction was anti-competitive, but Microsoft stated that it would make games more widely available.
Sentiment: NEUTRAL
Keywords: microsoft corp, activision blizzard inc, breaking news: technology, business news,