U.S. FTC official withdraws case against Microsoft-Activision deal before internal agency judge
1 year, 5 months ago

U.S. FTC official withdraws case against Microsoft-Activision deal before internal agency judge

The Hindu  

The U.S. Federal Trade Commission official on Thursday withdrew the agency's case before an in-house judge that sought to block Microsoft's $69 billion acquisition of game-maker Activision. It was this attack that the agency put on hold on Thursday, in an order made by FTC Secretary April Tabor. Microsoft and Activision argued in a motion posted to the FTC's website on Wednesday that withdrawing the agency's case was both mandatory and in the public interest. "The district court had a full opportunity to consider the FTC’s claims and found that the Commission was unlikely to succeed on the merits of those claims for multiple, independently sufficient reasons," the companies said in their motion.

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