AssetID: 53082513
Headline: UNCAPTIONED: FTC Revives Case Against Microsoft's Activision Blizzard Acquisition
Caption: FTC Revives Case Against Microsoft’s Activision Blizzard Acquisition. The Federal Trade Commission's (FTC) administrative case was paused during the summer, The Verge reports. But on Sept. 26, the FTC announced that it will continue with its in-house trial against Microsoft's $69 billion Activision Blizzard buyout. However, the FTC can't stop Microsoft from finalizing the deal ahead of the Oct. 18 deadline without a preliminary injunction, The Verge reports. . FTC Chair Lina Khan has been criticized for allegedly wasting taxpayer money in the agency's quest to stop the acquisition. Activision Blizzard executive Lulu Cheng Meservey took to X to make her opinion known. The U.K.'s Competition and Markets Authority (CMA) previously blocked the deal. But on Sept. 22, the CMA said that a revised proposal addressed its concerns and "opens the door to the deal being cleared." The European Commission also approved the acquisition. The FTC's internal judge with hear the agency's arguments 21 days after an appeals court delivers its verdict. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: FTC,Federal Trade Commission,Microsoft,Gaming,Activision Blizzard,Acquisition,Buyout,Companies,Video games,Summer,Lina Khan,Lulu Cheng Meservey,European Commission,Trial
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