FTC Will Seek To Keep Microsoft's Activision Deal From Closing; To File In Federal Court In California As Soon As Monday' Court Filing Seeks Pause Until August FTC Trial Resolution
Portfolio Pulse from Benzinga Newsdesk
The Federal Trade Commission (FTC) plans to file in federal court in California as soon as Monday to prevent Microsoft's acquisition of Activision from closing until the resolution of an August FTC trial.
June 12, 2023 | 4:18 pm
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NEGATIVE IMPACT
Activision's acquisition by Microsoft may be delayed due to the FTC's attempt to halt the deal until the resolution of an August trial.
The FTC's attempt to halt the acquisition process could delay the deal, potentially affecting Activision's stock price in the short term as investors may perceive this as a setback.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's acquisition of Activision may be delayed due to the FTC's attempt to halt the deal until the resolution of an August trial.
The FTC's attempt to halt the acquisition process could delay the deal, potentially affecting Microsoft's stock price in the short term as investors may perceive this as a setback.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100