FTC Seeks Injunction Of Microsoft's $69B Activision Blizzard Acquisition: What You Need To Know
Portfolio Pulse from Franca Quarneti
The Federal Trade Commission (FTC) plans to file a lawsuit in federal court to block Microsoft's $69 billion acquisition of Activision Blizzard. The trial in the FTC's court is scheduled to commence in August, with a final verdict expected by the end of the year. The merger agreement between the two companies is set to expire on July 18.
June 12, 2023 | 6:16 pm
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NEGATIVE IMPACT
Activision Blizzard's $69 billion acquisition by Microsoft is under threat as the FTC seeks to block the deal through a federal court lawsuit.
The FTC's attempt to block the acquisition could negatively impact Activision Blizzard's stock price in the short term. If the deal is halted, it may affect the company's future growth and strategic plans.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Microsoft faces a challenge from the FTC as it seeks to block the company's $69 billion acquisition of Activision Blizzard.
The FTC's lawsuit to block the acquisition presents a significant challenge for Microsoft. If the deal is halted, it could negatively impact Microsoft's growth strategy and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100