Microsoft Wins Court Case Against FTC To Buy Activision Blizzard

[EarthDog]

Microsoft Wins Court Case Against FTC To Buy Activision Blizzard

Judge Corley has handed down a decision in the much-discussed case.

www.gamespot.com

Microsoft's bid to purchase Activision Blizzard for $68.7 billion has cleared another major hurdle, paving the way for the Xbox company to press ahead and complete the deal. In its court case against the FTC, which was seeking an injunction to at least temporarily hold up the deal, Microsoft has emerged victorious.

The FTC will still hold an antitrust trial on the situation beginning on August 2, but US district judge Jaqueline Scott Corley's decision means that the FTC will not receive the temporary injunction to prevent the deal from moving ahead in the meantime. Corley's decision can be appealed, but we don't yet know if the FTC will do so. It has through July 14 to appeal.

Not entirely sure what this means.... but, this just happened.

 

[freakdiablo]

I guess it means nothing, at least for now.

The acquisition continues, the FTC trial picks up in August unless they appeal and win.

 

[Janus67]

Yeah nothing yet, and the Euro one is currently still ongoing as well.

IIRC there is a deadline for it to move through if not the offer expires and could cost the companies billions.