US federal court temporarily blocks the purchase of Activison Blizzard
Finally, it was decided that the acquisition of the video game company by Microsoft, will have to wait a while longer to materialize
A US federal court has issued a temporary restraining order blocking Microsoft from closing the $68.7 billion Activision Blizzard purchase deal.
The setbacks in the possible acquisition of the developer by the Xbox manufacturer have occurred since the news was released, in January 2022, when Sony suggested that, if this purchase took place, its main competitor could exercise a monopoly in the video game sector.
From then on, various international organizations began to study the case to find out what the real consequences of this purchase could be and its impact on other brands, such as the Japanese one.
The Federal Trade Commission (FTC), which is the national consumer protection agency of the United States, filed a lawsuit to block this economic transaction.
This blocking lawsuit will be resolved in a trial scheduled for August 2, but it does not prevent Microsoft and Activision Blizzard, whose contract requires the acquisition to close on July 18, from closing a previous agreement.
To prevent this, this Monday, the FTC asked the US courts to block this agreement between the Xbox manufacturer and the Call Of Duty developer with a temporary restraining order.
Microsoft and Activision Blizzard, for their part, will have until June 16 to present legal arguments against the injunction, while the FTC will have until June 20 to respond.
Source: dpa
(Reference image source: Glenn Carstens-Peters, Unsplash)
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