While I have a history of tracking M&A activity, I’m learning new things about the legal process in real-time. There’s speculation and executive viewpoints that residing District Judge Jacqueline Scott Corley granting the preliminary injunction will dissolve the deal entirely.Īm I amending my prediction that it will, sooner or later, happen? First off, let me be clear in that I’m nowhere near a legal expert. As part of what could be a protracted legal battle, the FTC forced Microsoft into court over the last week as part of a preliminary injunction hearing, which would allow the regulator more time to review the acquisition ahead of a later trial date. push-back is led by the Federal Trade Commission (FTC), which is suing Microsoft in an attempt to block the buy. While many global regulators have already approved, including the European Union, there are those in key areas like the United States, United Kingdom and Canada still holding out. In my 2023 predictions piece, I wrote how legal hurdles could move the date back beyond Microsoft’s expected close at the end of its fiscal year, which ended last week on June 30th. Since the Washington-based conglomerate announced it planned to spend upwards of $69 billion to purchase the Call of Duty publisher, it’s dominated headlines. Microsoft’s pending Activision Blizzard purchase is the games industry story that won’t go away, better or worse.
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