Activision Blizzard
A hearing is scheduled for next week.
(Photo: AP)
Washington Microsoft’s mega-takeover of video game maker Activision is temporarily on hold. A US judge granted an application by the US antitrust authority FTC to temporarily suspend the takeover by means of an injunction. The move was necessary to maintain the status quo while the FTC’s lawsuit is pending, US District Judge Edward Davila reasoned Tuesday in his decision. A hearing is scheduled for next week.
Without the injunction, Microsoft could have closed the $69 billion deal on Friday. Microsoft and Activision did not immediately respond to Reuters requests for comment. The FTC declined to comment.