activision deal

Microsoft's Activision Blizzard deal is back in the hands of Britain's antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the U.S. software giant's takeover were published. The Competition and Markets Authority (CMA) set out on Friday Microsoft's arguments for the reconsideration, as the U.S. battles to win UK approval to buy "Call of Duty" maker Activision. Having initially blocked the $69 billion deal in April over concerns about its impact…

The U.S. Federal Trade Commission on Thursday asked an appeals court to temporarily stop Microsoft's $69 billion acquisition of video game maker Activision Blizzard, hours after a federal judge rejected a similar request.The deal is facing varying responses around the world from regulators. WHAT IS THE ACTIVISION DEAL?Microsoft announced the Activision bid in January last year to boost its firepower in the booming videogaming market, take on leaders Tencent and Sony, and lay the base for its investment in metaverse and…

Microsoft, which is seeking to buy games giant Activision, faces two legal fights in coming weeks with U.S. antitrust enforcers who are determined to stop the $69 billion transaction.Microsoft has pressed for a decision sooner rather than later, noting that the purchase agreement has a termination date of July 18, although such dates can be extended and often are. When AT&T was buying DirecTV in 2015, the companies extended the termination date twice. The first fight will be in federal court in California, beginning…

The US Federal Trade Commission filed its lawsuit to block Microsoft Corp.’s $69 billion takeover of gaming company Activision Blizzard Inc. in December. The US Federal Trade Commission filed its lawsuit to block Microsoft Corp.'s $69 billion takeover of gaming company Activision Blizzard Inc. in December partly to get ahead of its European counterparts and dissuade them from accepting a settlement allowing the deal, according to people familiar with the investigations. The FTC filed a complaint challenging the…