Microsoft-Activision Deal Roadblock Lifted As Judge Denies FTC's Injunction Request
Portfolio Pulse from Franca Quarneti
A US Federal Judge has denied the Federal Trade Commission's (FTC) request for a preliminary injunction of Microsoft's acquisition of Activision Blizzard. The FTC can still appeal the decision or proceed with its challenge to block the deal. The deal also faces opposition from the Competition and Markets Authority in the UK. Activision may seek to renegotiate the financial terms of the deal as its condition has improved since the deal was initially signed.
July 11, 2023 | 5:15 pm
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The FTC's unsuccessful attempt to halt Microsoft's acquisition of Activision Blizzard follows its failed attempt to halt an acquisition by Meta Platforms earlier this year.
The news about the FTC's unsuccessful attempt to halt Microsoft's acquisition of Activision Blizzard is relevant to Meta Platforms as it follows the FTC's failed attempt to halt an acquisition by Meta Platforms earlier this year. This could potentially impact Meta Platforms' future acquisitions.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Activision Blizzard's acquisition by Microsoft can proceed, but the FTC can still appeal or challenge the deal. Activision may seek to renegotiate the financial terms of the deal as its condition has improved.
The judge's decision allows Activision Blizzard to proceed with the acquisition, which could potentially boost its value. However, the FTC's potential appeal or challenge could delay the acquisition, creating uncertainty. Activision's improved condition could lead to a renegotiation of the deal's financial terms, potentially increasing its value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft's acquisition of Activision Blizzard can proceed, but the FTC can still appeal or challenge the deal. This could potentially delay the acquisition.
The judge's decision allows Microsoft to proceed with the acquisition, which could potentially boost its gaming portfolio. However, the FTC's potential appeal or challenge could delay the acquisition, creating uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100