Diamond Member Pelican Press 0 Posted May 10, 2025 Diamond Member Share Posted May 10, 2025 This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Wins Appeal in FTC Challenge to $69 Billion Activision Blizzard Deal A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to This is the hidden content, please Sign In or Sign Up ’s $69 billion (roughly Rs. 5,85,688 crore) purchase of Call of Duty maker Activision Blizzard. The San Francisco-based 9th US Circuit Court of Appeals upheld a lower judge’s order that said the FTC was not entitled to a preliminary injunction blocking the deal, which closed in 2023. A three-judge panel unanimously ruled that the lower judge had applied the correct legal standards and said the FTC had not shown it was likely to succeed on its claims that the merger would restrict competition. A spokesperson for the FTC declined to comment. This is the hidden content, please Sign In or Sign Up did not immediately respond to a request for comment. The decision came in an antitrust lawsuit filed by the Federal Trade Commission in 2022 against Xbox maker This is the hidden content, please Sign In or Sign Up . The FTC, which enforces antitrust law, separately challenged the merger in an internal administrative action. That proceeding was placed on hold in 2023 during President Joe Biden’s administration, pending the 9th Circuit’s decision. The Activision Blizzard transaction marked the largest-ever acquisition in the video gaming market. The deal closed in late 2023 after competition authorities in the *** approved it. The purchase also faced regulatory scrutiny in other international markets. The FTC’s lawsuit sought an order freezing the Activision transaction while the agency pursued its administrative challenge. The agency claimed the This is the hidden content, please Sign In or Sign Up -Activision tie-up would allow the merged company to fend off competitors to the Xbox console and to its subscription and cloud-based gaming business. US District Judge Jacqueline Scott Corley had refused to block the acquisition in July 2023, finding that the FTC had not shown This is the hidden content, please Sign In or Sign Up ’s ownership of Activision would “substantially lessen competition in the video game library subscription and cloud gaming markets.” The FTC argued in its appeal that the court applied an overly stringent standard in weighing whether to grant a preliminary injunction. © Thomson Reuters 2025 (This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.) This is the hidden content, please Sign In or Sign Up # This is the hidden content, please Sign In or Sign Up #Wins #Appeal #FTC #Challenge #Billion #Activision #Blizzard #Deal This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/244893-microsoft-wins-appeal-in-ftc-challenge-to-69-billion-activision-blizzard-deal/ Share on other sites More sharing options...
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