The U.S. Federal Trade Commission (FTC) has withdrawn its in-house trial to block Microsoft’s $69 billion acquisition of Activision Blizzard. This signals the FTC may be resigned to the deal going through.
Courts Deny FTC Injunction
Earlier this month, a federal judge denied the FTC’s request for a preliminary injunction to halt the deal. A higher court also rejected the FTC’s appeal.
Path Forward for Microsoft
With the FTC withdrawing its trial, Microsoft can ask the agency to accept a settlement or withdraw opposition completely. This would clear the way for closing the acquisition.
U.K. Regulator Remains a Hurdle
The U.K.’s Competition and Markets Authority (CMA) still has concerns and blocked the deal in April. Microsoft has paused its legal battle with CMA while it develops a new proposal to address worries.
Waiting on Microsoft’s New Proposal
The CMA says it has yet to receive a new proposal from Microsoft to acquire Activision Blizzard. Any new plan will need to resolve the CMA’s competition concerns fully.