WASHINGTON : The U.S. Federal Trade Commission on Thursday will argue in federal court for a preliminary injunction to temporarily block Microsoft's acquisition of videogame maker Activision Blizzard, stopping the deal from closing before the government's case against the deal is heard.Microsoft has said
WASHINGTON : The U.S. Federal Trade Commission on Thursday will argue in federal court for a preliminary injunction to temporarily block Microsoft's acquisition of videogame maker Activision Blizzard, stopping the deal from closing before the government's case against the deal is heard.
In a scheduled five-day hearing before a federal judge in San Francisco, the antitrust enforcer will argue it needs Microsoft Corp and Activision Blizzard Inc to put their $69 billion merger on hold until the agency's in-house court gets to rule on whether the combination hurts competition in the video game industry.
The FTC has argued that the deal, which would be the largest for Microsoft and the largest in the history of the video game business, would give Microsoft the"ability and increased incentive to withhold or degrade Activision’s content in ways that substantially lessen competition."
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