FTC Temporarily Blocks Microsoft's Acquisition of Activision Blizzard
TL;DR Summary
The FTC has requested a temporary restraining order to prevent Microsoft's $68.7 billion acquisition of Activision Blizzard, citing concerns over antitrust issues. The court has issued the restraining order, blocking the deal until after the court rules on the FTC's request for a preliminary injunction. An evidentiary hearing on the matter will take place on June 22 and 23. Microsoft and Activision will be able to submit their brief in opposition to the motion for preliminary injunction by June 16, 2023.
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