![]() The filing adds that withdrawal from adjudication is "not only mandatory but is in the public interest." "After a five-day evidentiary hearing, the district court found that the FTC is unlikely to succeed on any of the theories of competitive harm advanced in its Complaint for multiple, independently sufficient reasons," the two companies' legal representatives wrote. However, Microsoft and Activision Blizzard argue in their filing that the US courts have already demonstrated they do not believe the acquisition to be anti-competitive, following the FTC's failure to secure a preliminary injunction from the District Court and the Ninth Circuit's denial of its appeal against this decision. While it does not have the power to block the merger, the hearing could lead to the case being elevated to other US courts. ![]() The hearing was first scheduled after the FTC issued a legal challenge against Microsoft's proposed acquisition of Activision Blizzard back in December. Microsoft and Activision Blizzard have filed a request to the Federal Trade Commission, urging the body to withdraw plans for an administrative hearing next month. Update, July 21, 2023: The FTC has withdrawn its internal administrative challenge that was seeking to block Microsoft's acquisition of Activision Blizzard.Īs reported by The Verge, the Commission announced it was suspending its in-house challenge yesterday, which was initially due to have its hearing on August 2. Sign up for the GI Daily here to get the biggest news straight to your inbox
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