FTC may suspend Microsoft Activision case in favor of settlement talks
By ForGeeks The U.S. Federal Trade Commission may suspend its fight with Microsoft over its upcoming deal with Activision Blizzard. Bloomberg reports, citing people familiar with the case, that could open the door to a potential settlement between the groups.
According to a Bloomberg report, the commission may suspend its fight with Microsoft over its upcoming deal with Activision Blizzard.
If the FTC withdraws the case, it would allow the parties to discuss the possibility of a settlement if Microsoft and Activision can convince the FTC commissioners to come to the negotiating table. According to the report, an order dismissing the litigation could be issued as early as today.
An order to dismiss the case could be issued as early as today.
On Wednesday, Microsoft and Activision Blizzard agreed to extend their merger agreement through October 18, 2023. The agreement extension comes after their original self-imposed deadline to complete the $69 billion deal expired on Tuesday.
Microsoft and Activision Blizzard have agreed to extend the agreement until October 18, 2023.
The European Commission approved the deal in May, and it was cleared in the U.S. last week after the corporation won a lawsuit against the Federal Trade Commission. However, the company has yet to receive approval from the UK’s Competition and Markets Authority (CMA), which remains a major hurdle to finalizing the deal.
Competition and Markets Authority (CMA).
