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On Wednesday, the Federal Court of Appeal rejected the legitimate problem of the Federal Trade Commission’s 69-billion dollars of Microsoft.
San Francisco’s 9th US Circuit Court approved the command of a judge who did not have the right to block the FTC, which blocked the transaction closed in 2023.
Three ruling panels unanimously, said that the lower referee applies to the right legal standards and did not show that the FTC will succeed in restricting compete.
Washington DC, Federal Trade Commission, building and sign. (Jeffrey Greenberg / Getty Images / Universal Images group via Getty Images)
A spokesperson for FTC refused to comment. Microsoft He did not respond immediately to a request for a comment.
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The decision came to the Federal Trade Commission in 2022, the Federal Trade Commission offered by the Federal Trade Commission against Microsoft.
Redmond, United States – 2021/04/27: Redmond, Microsoft Corporate Campus in the United States to celebrate the edge of Microsoft Campus. ((Via Photo Toby Scott / Sopa Images / LightCet Getty Images) / Getty Images)
Antitrest law, FTC, which applied the law, protested separately in the domestic administrative action. This process will be held in 2023 during the Presidential Joe Biden administration, waiting for the 9th round.
Activision Blizzard has recorded a great shopping in the video game market. Bargaining Closed in late 2023 After approving the competition authorities in the UK, it confirmed it. The purchase also faced the regulatory verification in other international markets.
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The FTC claim asked an order to an order to activate the activation operation while implementing the administrative problem of agency.
File Figure: Microsoft logo is seen in a smartphone placed in the Activision Blizzard logo specified in this image on January 18, 2022. Reuters / Dado Ruvic / Illustration / Photo Pictures (Reuters / Dado Ruvic / Illustration / File Image / Reuters Pictures)
Agency, Microsoft-Activision Tie-up claimed that the combined company will allow opponents Xbox console and to the subscription and the cloud-based game.
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US District Judge Scott Corley refused to prevent acquisition in July 2023, he said that Microsoft did not show Activision, “Video game library subscriptions and cloud gaming markets will be reduced in game markets.
Ticker | Safety | Last | Change | Change% |
---|---|---|---|---|
Msft | Microsoft Corp. | 433.35 | +0.04 |
+ 0.01% |
Ftc argued In their application The court imposed a heavy standard that you need to give initial instructions.