The Strategist

US court allows Microsoft to acquire Activision

07/12/2023 - 10:12

The San Francisco court has given Microsoft Corp. permission to complete the acquisition of Activision Blizzard, a large US video game company. The accompanying judgment was published on Tuesday in the Northern District of California court database.

Raimond Spekking
Raimond Spekking
The decision was made by Judge Jacqueline Scott Corley, who stated, "The court denies the motion for temporary lockup."

The judge stated, "The Federal Trade Commission (FTC) has failed to demonstrate that the combined company will discontinue the Call of Duty series of games on Sony's PlayStation console, and that Microsoft's acquisition of Activision will result in a material reduction in competition in the market for game services and cloud gaming."

Now, Microsoft has to complete the transaction until July 18. Activision is estimated to be worth $69 billion, and plans to purchase the company were first made public in January 2022.

Previously, the FTC filed a lawsuit to have the purchase halted. Authorities in the United States were concerned that the signing of the agreement, which may grow to be the largest in the history of Microsoft and the video game industry, would lessen competition.