The story of Microsoft’s attempts to buy Activision Blizzard for a record $68.7 billion is nearing its logical conclusion. American dish delivered US Federal Trade Commission (FTC) against possible union decision.
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After a five-day hearing, Judge Jacqueline Scott Corley of the US District Court for the Northern District of California denied the FTC’s request for an injunction against the deal.
On the side of the American platform owner, the court rejected its oral and written promises to keep Call of Duty on the PlayStation for 10 years, as well as 10-year agreements to publish Activision content on third-party cloud services.
“The court ruled that the FTC could not prove this […] This particular vertical merger in this particular industry can significantly reduce competition. On the contrary, the evidence suggests more consumers are accessing Call of Duty and other Activision content. Therefore, the application for an injunction is DENIED.”according to the court’s decision.
Image source: The Verge
Microsoft President Brad Smith thanked Court in San Francisco “quick and well thought-out decision”and Bobby Kotick, CEO of Activision Blizzard explainedWhat offer “Will benefit consumers and workers”.
According to FTC spokesman Douglas Farrar, the regulatory authority is disappointed with the outcome of the process and will announce further steps in the coming days. “Fight to protect competition and protect consumers”.
The judge’s approval allows Microsoft to complete the Activision Blizzard purchase before the July 18 deadline, though subject to an agreement with the UK’s Competition and Markets Authority (CMA), which blocked the deal (but hearings don’t start until July 28). July). .
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