Microsoft emerges victorious in FTC case, clearing path to acquire Activision Blizzard

The decision leads to the UK and Xbox returning to the negotiating table in the public's best interest.

In a significant legal victory, Microsoft has emerged triumphant in its crucial court case against the US Federal Trade Commission (FTC), paving the way for its acquisition of the renowned game developer Activision Blizzard. The tech giant's successful defense has cleared the path for the anticipated merger, valued at a staggering $68.7 billion.

Microsoft emerges victorious in FTC case, clearing path to acquire Activision Blizzard

The courtroom battle of the past week centered on the question of whether the FTC would be granted an injunction to halt the deal temporarily, allowing for further investigation. However, the case was widely seen as a crucial test of the deal's viability as a whole.

If Microsoft had suffered a defeat in court, it would have meant the end of its endeavor to acquire the publisher responsible for popular games like Diablo 4 and World of Warcraft. Microsoft had openly acknowledged the potential consequences of such an outcome. However, with today's decision in its favor, Microsoft's prospects of finalizing the deal have received a significant boost, despite the opposition from the UK's Competition and Markets Authority (CMA) that still remains. This development comes just days before the looming 18th July deadline.

Another significant development unfolded today as Microsoft's president, Brad Smith, revealed that the FTC's decision had led to an agreement between Microsoft and the CMA. They now see a "stay of litigation" as being beneficial to the public interest. This development has sparked renewed optimism within Microsoft, as it raises hopes of a breakthrough in negotiations with the UK's Competition and Markets Authority.

Our statement on the mutual request with the CMA for a pause of our appeal in the UK: pic.twitter.com/8Aky2IJjxS
— Brad Smith (@BradSmi) July 11, 2023

In response to Judge Corley's ruling, Microsoft's president, Brad Smith, expressed gratitude towards the San Francisco Court for its prompt and comprehensive decision. He also expressed the company's hope that other jurisdictions would similarly work towards reaching a timely resolution in the matter.

Via