MSFT - US judge temporarily blocks Microsoft from completing Activision deal

2023-06-13 21:25:05 ET

• Microsoft's ( NASDAQ: MSFT ) planned $69 billion acquisition of Activision was temporarily blocked by a federal judge after a Federal Trade Commission request on Monday.
• A federal judge in San Francisco granted the FTC's request for a temporary restraining order to block Microsoft ( MSFT ) from completing its purchase of videogame giant Activision, according to a court filing late Tuesday.
• The FTC made the request for the temporary block on Monday out of concern that Microsoft  ( MSFT ) planned to complete the megadeal at any time The FTC originally filed a lawsuit in December to block the $95 per share Activision deal, though the suit was filed through an in-house administrative court proceeding that's scheduled to take place in August.
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