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The Federal Trade Commission is appealing its loss in the Activision-Microsoft case
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It seems that the United States Federal Trade Commission (FTC) will not sit idly by after Microsoft was able to defeat it in its legal battle, which is still going strong to complete the acquisition of Activision Blizzard.
The Federal Trade Commission failed to prove the theory that the merger would harm competition because the judge was not convinced Jacqueline Scott Corley From the US District Court for the Northern District of California on the pretext of the Federal Commission, and its request for a preliminary injunction, and after the indications of appeal of the decision handed down yesterday, Tuesday, in its attempt to prevent the merger of Microsoft with Activision Blizzard, things will again go into a spiral of tension and attraction.
Citing Theverge's Jay Peters and Tom Warren, the Federal Trade Commission (FTC) has officially announced that it is appealing a recent US federal court order that paved the way for Microsoft to buy publisher Activision Blizzard, as the commission has filed a notice that it is appealing the judge's decision. Jacqueline Scott Corleybut we won't know the details of the organizer's arguments until the full appeal is filed with the Ninth Circuit Court of Appeals.
Our followers can see the notice of appeal filed by the Commerce Commission here, and while it doesn't contain many details, the success of the appeal could mean that Microsoft's acquisition of the Call of Duty developer for approximately US$1,400,000 will be temporarily blocked, as this appeal will resume on August 2.
On this subject, Microsoft Vice President B saidRad Smith In his statement:
“The district court's decision shows that this acquisition is good for both competition and consumers.”
“We are disappointed that the FTC continues to pursue what has become a patently weak case and will oppose further efforts to delay its ability to move forward.”
while declared Lulu Ching Meserve Activision Blizzard COO on Trade Commission appeal decision:
'The facts have not changed'
"We are confident that the United States will remain among the 39 countries where integration can occur. We look forward to strengthening our case in court—again."
The facts have not changed. We are confident that the US will remain among the 39 countries where the merger can be completed.
We look forward to demonstrating the strength of our case in court – again.
– Lulu Cheng Meservey (@lulumeservey) July 12, 2023
On the other hand, he scoffed Mike Ybarra Blizzard Entertainment's president weighed in on the decision, writing sarcastically:
“The tax money you pay at work.”
Your tax dollars at work.
—Mike Ybarra (@Qwik) July 12, 2023
In any case, it doesn't look like this deal is going to end for Microsoft anytime soon, but our enemy hasn't forgotten that he managed to take the final steps to close it.