<p>In a major setback for the Biden administration, the US federal court on Tuesday approved Microsoft Corp’s $69 billion deal to buy Activision Blizzard Inc.</p>

<p>The ruling was pronounced by Judge Jacqueline Scott Corley in San Francisco, allowing Microsoft to close its merger with Activision ahead of a July 18 deadline everywhere except for the UK, which vetoed the deal in May.</p>

<p>In her 53-page decision, Judge Corley wrote:&nbsp;“This Court’s responsibility in this case is narrow. It is to decide if, notwithstanding these current circumstances, the merger should be halted—perhaps even terminated—pending resolution of the FTC administrative action.”</p>

<p>For the reasons explained, the court finds the FTC has not shown a likelihood it will prevail on its claim this particular vertical merger in this specific industry may substantially lessen competition.</p>

<p>“To the contrary, the record evidence points to more consumer access to Call of Duty and other Activision content. The motion for a preliminary injunction is therefore DENIED.”</p>

<h2><strong>Impact of the court ruling</strong></h2>

<p>The ruling would allow Microsoft to have control over popular franchises such as “Call of Duty,” “World of Warcraft” and “Diablo.”</p>

<p>The US anti-trust body, Federal Trade Commission, had opposed the merger saying that the deal could video gamers by giving Microsoft control over a number of hugely popular franchises.</p>

<p>They argued that an injunction temporarily blocking the deal was necessary because the merger would have caused immediate harm to video gamers and other consumers.</p>

<p>The regulators wanted Judge Corley for an injunction to prevent the deal from closing until the agency’s in-house court had reached a decision on the deal.</p>

<h2>Microsoft-Activision: $69bn deal temporarily blocked in US</h2>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/microsoft-activision-69bn-deal-temporarily-blocked-in-us-604191/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<h2><strong>Microsoft reacts</strong></h2>

<p>Following the deal, Microsoft president Brad Smith said that the tech firm was “grateful to the Court in San Francisco for this quick and thorough decision and hope other jurisdictions will continue working towards a timely resolution.”</p>

<p>Xbox head Phil Spencer, a key witness in the trial, also&nbsp;tweeted his reaction saying, “We’re grateful to the court for swiftly deciding in our favour.”</p>

<p>“The evidence showed the Activision Blizzard deal is good for the industry and the FTC’s claims about console switching, multi-game subscription services, and cloud don’t reflect the realities of the gaming market,” he said.</p>

<h2><strong>FTC ‘disappointed’</strong></h2>

<p>Meanwhile, FTC spokesperson Douglas Farrar expressed disappointment with the verdict and added that it was planning its next move.</p>

<p>“We are disappointed in this outcome given the clear threat this merger poses to open competition in cloud gaming, subscription services, and consoles. In the coming days we’ll be announcing our next step to continue our fight to preserve competition and protect consumers,” Farrar said in a statement.</p>

<p><strong>WATCH WION LIVE HERE</strong></p>

<p><iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe></p>


In a major setback for the Biden administration, the US federal court on Tuesday approved Microsoft Corp’s $69 billion deal to buy Activision Blizzard Inc. The ruling was pronounced by Judge Jacqueline Scott Corley in San Francisco, allowing Microsoft to close its merger with Activision ahead of a July 18 deadline everywhere except for the UK, which vetoed the deal in May.

In a major setback for the Biden administration, the US federal court on Tuesday approved Microsoft Corp’s $69 billion deal to buy Activision Blizzard Inc. The ruling was pronounced by Judge Jacqueline Scott Corley in San Francisco, allowing Microsoft to close its merger with Activision ahead of a July 18 deadline everywhere except for the UK, which vetoed the deal in May. In her 53-page decision, Judge Corley wrote: “This Court’s responsibility in this case is narrow. It is to decide if, notwithstanding these current circumstances, the merger should be halted—perhaps even terminated—pending resolution of the FTC administrative action.” For the reasons explained, the court finds the FTC has not shown a likelihood it will prevail on its claim this particular vertical merger in this specific industry may substantially lessen competition. “To the contrary, the record evidence points to more consumer access to Call of Duty and other Activision content. The motion for a preliminary injunction is therefore DENIED.” Impact of the court ruling The ruling would allow Microsoft to have control over popular franchises such as “Call of Duty,” “World of Warcraft” and “Diablo.” The US anti-trust body, Federal Trade Commission, had opposed the merger saying that the deal could video gamers by giving Microsoft control over a number of hugely popular franchises. They argued that an injunction temporarily blocking the deal was necessary because the merger would have caused immediate harm to video gamers and other consumers. The regulators wanted Judge Corley for an injunction to prevent the deal from closing until the agency’s in-house court had reached a decision on the deal. Microsoft-Activision: $69bn deal temporarily blocked in US Microsoft reacts Following the deal, Microsoft president Brad Smith said that the tech firm was “grateful to the Court in San Francisco for this quick and thorough decision and hope other jurisdictions will continue working towards a timely resolution.” Xbox head Phil Spencer, a key witness in the trial, also tweeted his reaction saying, “We’re grateful to the court for swiftly deciding in our favour.” “The evidence showed the Activision Blizzard deal is good for the industry and the FTC’s claims about console switching, multi-game subscription services, and cloud don’t reflect the realities of the gaming market,” he said. FTC ‘disappointed’ Meanwhile, FTC spokesperson Douglas Farrar expressed disappointment with the verdict and added that it was planning its next move. “We are disappointed in this outcome given the clear threat this merger poses to open competition in cloud gaming, subscription services, and consoles. In the coming days we’ll be announcing our next step to continue our fight to preserve competition and protect consumers,” Farrar said in a statement. WATCH WION LIVE HERE

Microsoft wins US court case to buy Activision Blizzard, $69 billion deal gets go-ahead

The U.S Federal Trade Commission is seeking to block Microsoft’s acquisition of Activision Blizzard, saying the tie-up between the Xbox maker and popular gaming publisher would harm competition.

World Business Watch | FTC seeks to block Microsoft-Activision deal

ftc-blocks-activision

Ftc Blocks Activision, News on Ftc Blocks Activision, stories on Ftc Blocks Activision, articles on Ftc Blocks Activision, Ftc Blocks Activision stories at Wion, Ftc Blocks Activision news, Ftc Blocks Activision latest news

ftc blocks-activision

Microsoft wins US court case to buy Activision Blizzard, $69 billion deal gets go-ahead

World Business Watch | FTC seeks to block Microsoft-Activision deal