FTC Moves to Block Microsoft Activision Deal

The Federal Trade Commission plans to seek an emergency court order that would block Microsoft from closing its $75 billion deal for Activision Blizzard, according to a person familiar with the matter.

The FTC plans to file Monday for a temporary restraining order in federal court that would halt the companies from imminently clinching the deal, the person said. A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency will file for the request.

“We welcome the opportunity to present our case in federal court,” said Microsoft Vice Chair and President Brad Smith in a statement. “We believe accelerating the legal process in the U.S. will ultimately bring more choice and competition to the market.”

Source: Wall Street Journal