FTC Files Appeal Following Microsoft Activision Blizzard Loss in Court
24In today's Game News Roundup we discuss the latest VGChartz estimates and video game news, including the following:
- FTC Files Appeal Following Microsoft Activision Loss in Court
- CMA: Negotiations With Microsoft Are 'at an Early Stage'
- Activision Blizzard to be Removed From Nasdaq-100 Index on Monday
https://www.vgchartz.com/article/457821/ftc-files-appeal-following-microsoft-activision-loss-in-court/
https://www.vgchartz.com/article/457812/cma-negotiations-with-microsoft-are-at-an-early-stage/
https://www.vgchartz.com/article/457822/activision-blizzard-to-be-removed-from-nasdaq-100-index-on-monday/
-
The Federal Trade Commission (FTC) in the US has filed an appeal following its loss yesterday when Judge Jacqueline Scott Corley denied the preliminary injunction it was seeking and ruled in favor of Microsoft for its acquisition Activision Blizzard.
"Notice is hereby given that Plaintiff Federal Trade Commission (FTC) appeals to the United States Court of Appeals for the Ninth Circuit...denying the FTC’s request for a preliminary injunction pursuant to Federal Trade Commission Act," reads the Plaintiff's notice of appeal.
Judge Corley in her ruling stated, "the FTC has not shown it is likely to succeed on its assertion the combined firm will probably pull Call of Duty from Sony PlayStation, or that its ownership of Activision content will substantially lessen competition in the video game library subscription and cloud gaming markets."
Now that the FTC has filed its appeal it needs the Ninth Circuit Court of Appeals to issue an emergency stay to extend the current temporary restraining order, which will end on Friday, July 14 at 11:59 pm PT. It isn't known if the court will rule by the deadline and if they don't Microsoft could attempt to close the Activision Blizzard deal.
Microsoft is still facing issues in the UK by the Competition and Markets Authority (CMA) as the regulator in April blocked Microsoft's Activision Blizzard acquisition, however, Microsoft and Activision Blizzard has appealed the decision. The hearings for the appeal were set to start on July 24, however, the CMA and Microsoft have decided to pause litigation to work out a new deal.
CMA media officer Billy Proudlock in a statement from today said discussions with Microsoft and Activision Blizzard are "at an early stage" and the two companies are considering how the transaction could be modified.
"Whilst merging parties don’t have the opportunity to put forward new remedies once a final report has been issued, they can choose to restructure a deal, which can lead to a new merger investigation," said Proudlock.
"Microsoft and Activision have indicated that they are considering how the transaction might be modified, and the CMA is prepared to engage with them on this basis. These discussions remain at an early stage and the nature and timing of next steps will be determined in due course. While both parties have requested a pause in Microsoft’s appeal to allow these discussions to take place, the CMA decision set out in its final report still stands."
CNBC journalist David Faber reported yesterday Microsoft and the CMA had reached an agreement, however, they admit that was wrong and said Microsoft has offered a small divestiture, but the CMA hasn't agreed to anything yet.
-
Thanks for watching! Leave a LIKE or SHARE the video if you enjoyed it!
Click Here to Subscribe - http://bit.ly/1STlFlK
Follow TrunksWD
---------------------------------------------------------
Twitter - https://twitter.com/TrunksWD
Twitch - http://www.twitch.tv/trunkswd
Instagram - https://www.instagram.com/trunkswd
Facebook - https://www.facebook.com/trunkswd
Support the Channel
---------------------------------------------------------
Tip - https://streamlabs.com/trunkswd/
Hello, I am TrunksWD, but you can call me William. This YouTube channel is mainly a gaming let's play channel where I play games solo and with friends. However, there are some different style of videos such as vlogs. Be sure to leave any suggestions about different games I can play or advice in the comments section down below.
#gamenewsroundup #xbox #activision
Other Videos By TrunksWD
Other Statistics
Call of Duty Statistics For TrunksWD
TrunksWD presently has 4,042 views for Call of Duty across 10 videos, with the game making up 2 hours of published video on his channel. This is less than 0.22% of Call of Duty video content that TrunksWD has uploaded to YouTube.