Microsoft now has a path to close its giant deal
a senior editor covering Microsoft, PC gaming, console, and tech. He founded WinRumors, a site dedicated to Microsoft news, before joining The Verge in 2012.The Federal Trade Commission has lost what may be its final attempt to block Microsoft from buying Activision Blizzard. It’s the second loss for the FTC after a US federal judgeearlier this week to block Microsoft from acquiring Activision Blizzard until the conclusion of a separate FTC administrative case.
The FTC appealed the decision by Judge Jacqueline Scott Corley, and now the Ninth Circuit Court of Appeals hasfor emergency relief to prevent Microsoft from closing the deal until the result of the FTC’s appeal is complete. This means Microsoft is now free to close its Activision Blizzard deal after a temporary restraining order, part of Judge Corley’s order, expires at 11:59PM PT tonight. Microsoft has until July 18th to close its deal; otherwise, it needs to renegotiate terms with Activision Blizzard or pay $3 billion in breakup fees.
Microsoft might not be able to close the deal immediately, though. There’s still the complicated matter of the deal being blocked in the UK. The Competition and Markets Authority in the UK
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