After receiving the consent of the British regulatory agency CMA, Microsoft announced the completion of its acquisition of Activision Blizzard. However, the U.S. Federal Trade Commission (FTC) is still “hard-pressing” and still plans to file a lawsuit against Microsoft.
In a statement to Deadline, an FTC spokesperson said:
Microsoft and Activision Blizzard closed the deal ahead of an appeals court hearing scheduled for December, but we're still moving forward with the federal appeals process.
The new agreement between Microsoft, Activision, and Ubisoft brings new content to the merger, which will inevitably affect American consumers. The Federal Trade Commission is conducting an evaluation in accordance with administrative procedures and still believes that the transaction poses a threat to competition.It was reported in September this year that the U.S. Federal Trade Commission (FTC) issued an announcement stating that it would continue to file an administrative lawsuit against Microsoft to prevent the company from acquiring Activision Blizzard for $69 billion.
The FTC stated that it was in the “best interest of the public” that it decided to conduct a comprehensive investigation into the merger and restart the adjudication process.
Microsoft announced its acquisition of Activision Blizzard in January 2022 and initially planned to complete the deal in July 2023, but due to obstruction from some countries and regions such as the United Kingdom and the United States, the deadline was postponed to October 18.
Microsoft’s acquisition of Activision Blizzard has been approved by more than 40 countries and regions around the world. The British CMA said on Friday that Activision Blizzard’s sale of cloud gaming rights to Ubisoft has greatly resolved previous concerns and gained approval for the transaction. Opened the door.
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