US Judge Temporarily Blocks Microsoft/Activision Deal
A US federal judge has temporarily blocked Microsoft’s purchase of Actvision Blizzard in response to an FTC complaint asking for an injunction.
Microsoft continues to face headwinds in its efforts to purchase Activision. Critics on both sides of the Atlantic fear the deal will give Microsoft too much power in the gaming industry, as well as increase its power in the broader PC market.
While the EU has signed off on the deal, the UK opted to block it and the FTC is trying to stop it as well. The FTC filed for an injunction to block the merger while its lawsuit plays out, but a judge has issued a temporary restraining order to block the deal until the injunction hearing can take place.
According to ABC News, District Judge Jacqueline Scott Corley issued the restraining order, which has a lower bar than an injunction. The hearing for the injunction is set for June 22.
Judge Corley said the restraining order “is necessary to maintain the status quo.” Meanwhile, Microsoft issued a statement agreeing with the order.
“A temporary restraining order makes sense until we can receive a decision from the Court, which is moving swiftly,” the company said.
-
Facebook's New Creator App Will Help Social Influencers Create More Video ContentGoogle and Facebook Face Tougher Rules in the UK Over Ad DominanceMove Over SelfWordPress Introduces a New Way to Earn Money: SubscriptionsCan't Tell if Your Social Media Campaign is Really Working? Here's What You Need to KnowFeds Support TAll Good Things: Jony Ive Officially Leaves Apple, Closing Out An EraTelefonica Germany Has Selected Huawei to Help Build Its 5G NetworkGoogle’s St Patrick’s Day Doodle has Star Wars ConnectionTikTok Accused of Illegally Collecting Data and Uploading It to China
Next article:Elon Musk Explains How AIs Will Start World War III on Twitter
- ·US Podcasting Revenue Hit Record High in 2017, Up 86% from Previous Year
- ·OnePlus Reports Second Data Breach in Two Years
- ·Digital Adoption Platform WalkMe Secures $90 Million in Funding
- ·Amazon Settles On Redmond, WA For Project Kuiper, Its Space
- ·Digiday Doubles Revenue In Past Year, Launches Glossy
- ·Beware of Watching ‘Star Wars: The Rise of Skywalker’ On Streaming Sites
- ·Norwegian Carrier Telenor Drops Huawei In Favor of Ericsson
- ·Ericsson and Microsoft Team Up to Deliver Next Generation of Connected Cars
- ·Google Plus Announces It Will Shutdown After Reportedly Compromising 500,000 User Accounts
- ·Salesforce Launches Single Souce of Truth
- ·Salesforce Launches Single Souce of Truth
- ·Slack’s Troubles Mount: SEC Launches Investigation
- ·Google Search Algorithm Update on October 16th Looks Like a Big One
- ·5G Penetration Is Rapidly Gaining Momentum, Says Ericsson CEO
- ·Move Over Self
- ·AT&T Launching 5G Network In Conjunction With Galaxy S10 Plus 5G