Microsoft is having a hard time buying Activision. (Reuters)
Microsoft, which wants to complete its acquisition of gamemaker Activision Blizzard, urged the US Federal Trade Commission to withdraw a case against the deal that the agency had brought before an internal FTC judge, according to a motion posted on the FTC’s website on Wednesday.
Microsoft, which is trying to complete its acquisition of game-maker Activision Blizzard, urged the US Federal Trade Commission to drop the case against the deal, according to a motion posted on the FTC’s website. was brought before an internal FTC judge. on Wednesday.
Microsoft and Activision on Wednesday extended the deadline for completing their $69 billion deal by three months to October 18, as the US companies work to get British approval for the biggest gaming deal in history.
In Washington, the FTC is waging a two-pronged attack against the proposed transaction. One was in a district court, which last week refused to impose a preliminary injunction on the proposed transaction. An appeals court also turned down a request to block the deal.
The second is before an FTC administrative law judge, where a hearing is scheduled to begin on August 2. On this issue the companies had asked the agency to withdraw.
“Retreating the decision is not only imperative but is in public interest. The district court had full opportunity to consider the FTC’s claims and found that the commission was unlikely to succeed on the merits of those claims for several, independently sufficient reasons,” the companies said in the motion.
The FTC did not immediately respond to a request for comment.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – reuters,
