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{"id":35011,"date":"2023-06-13T22:14:52","date_gmt":"2023-06-13T22:14:52","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/06\/13\/ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal\/"},"modified":"2023-06-13T22:14:53","modified_gmt":"2023-06-13T22:14:53","slug":"ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/06\/13\/ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal\/","title":{"rendered":"FTC reportedly seeks injunction to stop Microsoft\u2019s Activision Blizzard deal"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/12\/ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal\/<\/a><\/br>
\nFTC reportedly seeks injunction to stop Microsoft\u2019s Activision Blizzard deal<\/br>
\n2023-06-13 22:14:52<\/br><\/p>\n

\n

Update<\/strong>: The FTC confirms that it has requested a \u201ctemporary restraining order\u201d preventing the deal from going through while reviews are underway. Original story follows this statement from the agency:<\/p>\n

\n

Microsoft and Activision Blizzard have represented in the past that they cannot close their deal due to antitrust reviews of the transaction in other jurisdictions. But Microsoft and Activision have not provided assurances that they will maintain that position. In light of that, and public reporting that Microsoft and Activision Blizzard are considering closing their deal imminently, we have filed a request for a temporary restraining order to prevent them from closing while review continues.<\/p>\n<\/blockquote>\n

Microsoft\u2019s proposed $68.7 billion acquisition<\/a> of\u00a0Activision Blizzard has received a mixed response from regulators around the world, but the Federal Trade Commission may be its biggest critic. The agency has reportedly applied for an injunction to prevent the deal going ahead before its own official judgment on the situation later this year.<\/p>\n

Microsoft announced its intention to buy the gaming giant early last year<\/a> as a way to bolster its own Xbox and PC gaming division, which has struggled to outplay perennial rival Sony. (Though yesterday\u2019s impressive Xbox showcase clearly indicates that the war is far from over.)<\/p>\n

This was followed by a flurry of concerned statements from antitrust regulators around the world, who said industry consolidation like this produces few benefits and plenty of risks for consumers. Several investigations are underway<\/a>, and the U.K. has even moved to block the deal, though that is being appealed in court there.<\/p>\n

Cue the FTC, which already has a lawsuit challenging the acquisition, but that is not scheduled to be heard by its own administrative law judge until August. So the agency is reportedly asking for an injunction against the deal now \u2014 essentially, asking a judge to pre-judge whether the lawsuit is likely to succeed, whether harm could occur during the legal process, and if so prevent the deal from going forward in the meantime. CNBC first reported the move<\/a>.<\/p>\n

The agency did have a closed-door meeting this morning<\/a> for \u201cconsideration of a nonpublic law enforcement matter,\u201d which very well could be the matter in question.<\/p>\n

Such decisions generally require the case to be pretty clear, though, and this one may not be. When it filed the lawsuit, the FTC said \u201cwe seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets.\u201d<\/p>\n

To call Activision Blizzard an \u201cindependent game studio\u201d is something of a stretch: The enormous conjoined corporation is responsible for some of the world\u2019s most popular games, including Diablo IV, which just set launch sales records last week \u2014 across all platforms, it must be said. And Microsoft has been careful to state its support for multiple platforms on many of its own marquee titles since the acquisition announcement.<\/p>\n

I have contacted the FTC for confirmation and more details and will update this post if I hear back.<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/06\/12\/ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/06\/12\/ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal\/ FTC reportedly seeks injunction to stop Microsoft\u2019s Activision Blizzard deal 2023-06-13 22:14:52 Update: The FTC confirms that it has requested a \u201ctemporary restraining order\u201d preventing the deal from going through while reviews are underway. Original story follows this statement from the agency: Microsoft and Activision Blizzard have represented in the past that they cannot […]<\/p>\n","protected":false},"author":1,"featured_media":35012,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-35011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nFTC reportedly seeks injunction to stop Microsoft\u2019s Activision Blizzard deal - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/06\/13\/ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FTC reportedly seeks injunction to stop Microsoft\u2019s Activision Blizzard deal - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/06\/12\/ftc-reportedly-seeks-injunction-to-stop-microsofts-activision-blizzard-deal\/ FTC reportedly seeks injunction to stop Microsoft\u2019s Activision Blizzard deal 2023-06-13 22:14:52 Update: The FTC confirms that it has requested a \u201ctemporary restraining order\u201d preventing the deal from going through while reviews are underway. 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