The U.S. Federal Trade Commission (FTC) may appeal the U.S. District Court’s decision to deny the FTC’s request for a $68.7 billion injunction against Microsoft and Activision Blizzard. FTC, which would clearly result in a breach of the July 18 deal deadline.
Both Microsoft and Activision say freezing the contract after July 18 would force them to give up their 17-month-old contract, and Microsoft will be forced to pay Activision a $3 billion penalty. after 11:59 p.m., July 14. After that, the FTC can appeal the court’s decision and still wreck the deal.
We also add that the parties are still dealing with objections from the UK’s Competition and Markets Authority, but the agency agreed on Tuesday to stay the litigation to consider proposals to restructure the deal, following a decision in the US could allay concerns.
A Microsoft spokesman referred to a previous statement by Microsoft Vice Chairman and President Brad Smith, who stated: “We hope other jurisdictions continue to work towards a timely resolution. As we have demonstrated throughout this process, we are committed to working creatively and collaboratively to address regulatory concerns.”