FTC Hearing Concludes: Microsoft's $69B Acquisition of Activision in Jeopardy

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Source: Seeking Alpha
FTC Hearing Concludes: Microsoft's $69B Acquisition of Activision in Jeopardy
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TL;DR Summary

The five-day trial regarding the Federal Trade Commission's attempt to block Microsoft's $69 billion acquisition of Activision has concluded, and now a judge will decide the fate of the deal. The trial included testimony from Microsoft CEO Satya Nadella and Activision CEO Bobby Kotick. The FTC filed for a preliminary injunction earlier this month, expressing concerns about competition and potential limitations on Activision content. The judge will make her ruling at a later date, while an appeals court in the UK is set to hear the case on July 28.

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