2023-07-16 12:50:22
The appeals court of EE. UU. rejected the last attempt of the FTC to block the transaction. Microsoft now he only hopes to close the negotiations in the United Kingdom.
Microsoft is close to closing its multi-million dollar contract of 69 billion dollars to buy the video game giant Activision Blizzard.
The company has obtained the important victory in the United States and is only one country away from being able to execute its merger. If it happens, it will change the industry forever and might lead to a new order of preferences for consoles and subscription services.
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United States: approved
This week, a judge in California decided to deny the blocking request that the Federal Trade Commission (FTC) had ordered regarding the transaction.
After weeks of presentations and debates in court, Microsoft received the best response of all in its most important market, the United States, and it was only awaiting reconfirmation following a possible appeal.
This Friday, the Court of Appeals for the Ninth Circuit refused to grant the agency an emergency suspension requested by the control body, so that, now officially, the technology company has a free way in the country to acquire the developer of Call of Duty.
“We appreciate the prompt response of the Ninth Circuit in denying the motion of the FTC to further delay the deal with Activision,” the president and vice president of Activision wrote on Twitter. Microsoft, Brad Smith. “This brings us one step closer to the finish line in this marathon of global regulatory reviews.”
In her original decision, Judge Jacqueline Scott Corley found that the FTC did not prove its claims that the merger would harm consumers.
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The last step: UK
With the European Union approving the merger several weeks agothe last point of conflict for Microsoft y Activision Blizzard is he United Kingdom.
The Market and Competition Authority (CMA) was the first of the three big regulators in watching the merger, arguing a monopoly on cloud services.
Following the company’s victory in the US, both parties agreed to a “judicial truce” amid appeals in London courts.
The merger between companies had a deadline of July 18: if a final agreement is not reached, Activision can choose to leave with a compensation fee of 3 billion dollars of Microsoft.
Given this, and citing insufficient time, the CMA has given an additional six weeks to consider the “detailed and complex presentation” of Microsoft Arguing in favor of the merger.
This entity has requested that Microsoft y Activision Blizzard can restructure their agreement, although he also warned that the new conditions will also trigger a new investigation.
The CMA it will now provide a decision by August 29, although it intends to do so sooner. In order to comply and leave the organization without doubt, Microsoft is considering a new weapon: selling cloud gaming rights so it can close the deal.
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