The FTC withdrew the lawsuit, which would appeal the decision in favor of Microsoft, by unconditionally confirming Microsoft’s request.
On January 18, 2022, Microsoft reached an agreement to acquire Activision Blizzard for $68.7 billion. But this agreement in the USA and UK It was opposed, lawsuits were filed.
Microsoft has just recently won its case with the US Federal Trade Commission (FTC). Although the FTC announced that it will appeal the decision in favor of Microsoft, today a critical development more happened.
The FTC has accepted Microsoft’s request to withdraw the lawsuit!
Microsoft had requested the FTC to withdraw its appeal on July 18. This demand was met today, on July 21. Surprisingly, the FTC He accepted Microsoft’s request without any conditions.
The new decision is currently Microsoft’s barriers in the US. that he was completely saved pointing out. However, there is also the possibility that the FTC will file a new lawsuit.
What is the situation in the UK?
The UK Competition and Markets Authority (CMA) has recently announced the deadline for the litigation on the acquisition. until 29 August had delayed. This date exceeded the effective date (July 18) of the agreement between Microsoft and Activision Blizzard.
The two agreed to extend the validity of the agreement with the CMA’s decision. The validity of the agreement has been extended until 18 October. Now all that needs to be done in the UK is by 29 August to wait will be.
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Source :
https://www.ign.com/articles/the-ftc-hits-the-brakes-on-xboxs-activision-blizzard-merger-trial-set-for-august