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The federal appeals court rejected the legal challenge Wednesday for the Federal Trade Commission’s $69 billion purchase of “Call of Duty” maker Activision Blizzard.
The San Francisco-based U.S. Circuit Court of Appeals has upheld the order of a subordinate judge who said the FTC had no right to an interim injunction blocking contracts closed in 2023.
The three judge panel unanimously ruled that the lower judges had applied the correct legal standards, saying the FTC has not shown that it is likely to succeed in claiming that the merger would limit competition.
Washington, D.C., Federal Trade Commission, building exterior and signature. (Jeffrey Greenberg/Universal Images group via Getty Images)
An FTC spokesman declined to comment. Microsoft We did not respond immediately to requests for comment.
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The decision came in an antitrust lawsuit filed by the Federal Trade Commission in 2022 against Xbox Maker Microsoft.
Redmond, USA – 2021/04/27: A logo marking the edge of Microsoft Corporate Campus in Redmond, USA. ((Photo by Lightrocket via Toby Scott/Sopa Images/Getty Images)/Getty Images)
The FTC, which implements the antitrust law, has challenged the merger of internal control measures individually. That process was put on hold during President Joe Biden’s administration in 2023 until it had pending decisions for the Ninth Circuit.
The Activision Blizzard transaction marks the biggest acquisition ever in the video game market. transaction Closed in late 2023 After British competition authorities approved it. The purchase also faced scrutiny of regulations in other international markets.
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The FTC lawsuit sought an order to freeze Activision Transaction, but the agency pursued administrative challenges.
File Photo: The Microsoft logo is shown on a smartphone placed on the Activity Blizzard logo on display, this illustration was taken on January 18, 2022. (Reuters/Dad Luvik/Illustration/File Photo/Reuters Photo)
The agency claimed that the Microsoft-Activision partnership allows the merged company to dodge its competitors. Xbox Console And then to its subscription and cloud-based gaming business.
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US District Judge Jacqueline Scott Corey refused to block the acquisition in July 2023. The FTC has discovered that Microsoft’s Activision ownership “reduces subsidy of video game library subscriptions and competition in the cloud gaming market.”
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| msft | Microsoft Corp. | 433.35 | +0.04 |
+0.01% |
The FTC discussed In its appeal The court has applied an overly strict standard on the weight of whether or not to grant a provisional injunction.
