“It is to decide if, notwithstanding these current circumstances, the merger should be halted-perhaps even terminated-pending resolution of the FTC administrative action. “This Court’s responsibility in this case is narrow,” reads the conclusion of Judge Jacqueline Scott Corley’s decision. However, the acquisition deal has a July 18 termination date, after which Microsoft would have to pay Activision Blizzard a $3 billion termination fee.
Microsoft filed an appeal, and a hearing is set to begin on July 28. The Competition and Markets Authority in the United Kingdom moved to block the acquisition in April. A federal judge in San Francisco has denied the Federal Trade Commission’s motion for a preliminary injunction to prevent Microsoft’s proposed $68.7 billion acquisition of Activision Blizzard, allowing Microsoft to finally close the deal-if it is willing to do so around the United Kingdom or come to an agreement with its Competition and Markets Authority.
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