A US watchdog has lost its latest bid to temporarily stop the technology giant's $69bn Activision takeover.
US competition watchdog, the Federal Trade Commission , has lost its latest bid to temporarily block Microsoft from completing its deal to buy the maker of Call of Duty.
The planned deal has faced a series of legal challenges in the US and split regulators around the world.Earlier on Thursday, the FTC asked for an order to prevent the takeover from closing until afterhad been ruled on by the US Circuit Court of Appeals for the Ninth Circuit. In its latest request to pause the deal, the FTC said judge Jacqueline Scott Corley's decision "raises serious, substantial issues for the Court of Appeals to resolve".
Any outstanding regulatory issues would make it more likely that Microsoft and Activision would have to negotiate an extension to their planned completion date.
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