Immediate Trade

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Greg P
Greg P
Posted underActivisionMicrosoft

https://finance.yahoo.com/news/microsoft-and-activision-were-supposed-to-merge-today-will-they-hit-pause-153253816.html

There are still a few complications in the US as well.

One is that the Federal Trade Commission (FTC) is still challenging the merger in a lawsuit filed in the agency’s in-house court even after its case was weakened when a federal appellate court denied its request to pause the tie-up. The FTC has alleged that combining the two companies would hurt competition in three gaming markets: game consoles, subscription content, and cloud gaming.

Another is a new effort by a group of video gamers to convince the Supreme Court to temporarily stop Microsoft from finalizing the acquisition to address concerns over “irreparable harm” to the gaming market. That request was made on July 15, just ahead of Tuesday’s closing deadline.

The Supreme Court is under no obligation to consider the request.


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