Satya Nadella, CEO, Microsoft, at the Allen & Enterprise Sun Valley Convention on July 11, 2023 in Sun Valley, Idaho.
David A. Grogan | CNBC
The Federal Trade Fee on Wednesday mentioned it will attraction a federal judge’s determination to deny a request for a preliminary injunction that would have prevented Microsoft from closing its $68.7 billion acquisition of match publisher Activision Blizzard.
The decision arrives one working day just after Decide Jacqueline Scott Corley, at the U.S. District Court docket for the Northern District of California, ruled in favor of the two organizations.
CNBC reported earlier on Wednesday that FTC could deliver the judge’s selection to the 9th Circuit appeals courtroom.
On Wednesday Activision Blizzard CEO Bobby Kotick advised CNBC’s Julia Boorstin, “I would be surprised if they would squander taxpayer resources on one thing like that,” referring to an FTC attractiveness. Kotick explained he did not feel the appellate courtroom would grant a keep.
The FTC declined to remark on its legal response to the judge’s final decision. The agency is transferring fast, as Microsoft is seeking to shut the acquisition by July 18.
Microsoft did not quickly react to a request for comment.
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