Microsoft’s attempt to acquire Activision Blizzard for a total price of $69 billion USD has been met with a number of challenges along the way. The most recent roadblock is a temporary restraining order that has been placed in place to prevent the deal from going through.
The order, which was given by a federal judge in California and will continue to be in effect until the court makes a decision on the FTC’s request for a preliminary injunction, was issued by the judge. Just the other day, the government agency in the United States submitted the request for an injunction, restating its position that Microsoft would have a monopoly on the cloud gaming market.
In its complaint, the FTC stated that “Microsoft would have the ability and increased incentive to withhold or degrade Activision’s content in ways that substantially lessen competition,” including competition on product quality, pricing, and innovation. The FTC’s statement was included in a document.
In response, Microsoft has minimized the titles that Activision would bring to the table by drawing comparisons between the games produced by the studio and those produced by Sony.
According to Bloomberg, the injunction request that was filed by the FTC will be heard in court on June 22 and 23. In light of this, the earliest that the merger may take place would be after that date, despite the fact that the firms have stated that they intend to finalize the transaction by July 18 in the event that the court rules in favor of the FTC.