US injunction temporarily blocks Microsoft’s Activision Blizzard acquisition leading up court battle

News Snapshot:

The US Federal Trade Commission (FTC) has placed a temporary block on Microsoft’s acquisition of Activision Blizzard. The injunction prevents Microsoft from making any kind of bid to acquire Activision Blizzard until the matter is settled in court. Given the FTC’s concerns that the acquisition breaches anti-trust laws, the imminent court case will be a pivotal moment for Microsoft ( via CNBC ) Microsoft’s acquisition plans have received global scrutiny, being approved in China, blocked in the UK, and only approved in the EU with significant caveats. The acquisition, valued at $68.7 billion, will have significant ramifications for the gaming...