MSFT - Activision gains after judge appointed in FTC case to block Microsoft deal

2023-06-13 13:24:24 ET

Activision ( NASDAQ: ATVI ) rose 1.6% after a judge was appointed to the Federal Trade Commission's lawsuit to gain an injunction blocking its $69 billion planned sale to Microsoft ( NASDAQ: MSFT ).

U.S. District Judge Jacqueline Scott Corley will be handling the case, according to the court docket for the case filed in San Francisco.

Corley is the same judge who last month denied a preliminary injunction in a separate lawsuit from video gamers who were seeking to block the Activision ( ATVI ) deal.  In March, Corley originally granted Microsoft's ( MSFT ) motion to dismiss the case, though she gave gamers 20 days to amend the lawsuit.

On Monday, the FTC asked for a preliminary injunction and a temporary restraining order in federal court to stop Microsoft from completing its planned $69 billion acquisition of Activision ( ATVI ).

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