The choice to enchantment is revealed in a authorized doc that was filed with the U.S. District Court docket within the Nothern District of California on July 12. In it, the FTC briefly states that it’s going to enchantment the courtroom’s ruling in opposition to the company’s preliminary injunction request. No further data is offered.
The last-minute determination and subsequent enchantment characterize unlucky timing for the deal, which should be wrapped up earlier than its July 18 deadline. If that expiration date is reached whereas the matter stays tied up in authorized troubles, we’ll have to attend and see whether or not the 2 firms work out an settlement to increase it — or if one in all them decides to stroll away from the acquisition totally.
Yesterday the Court docket dominated our acquisition of Activision Blizzard ought to proceed, and we oppose any additional delay. Our assertion on the FTC’s determination to enchantment: pic.twitter.com/EhdO4OHX9g
— Brad Smith (@BradSmi) July 13, 2023
Although we now have to attend for added data from the FTC, Microsoft was fast to make it identified that it’s going to problem the enchantment. The corporate’s president Brad Smith stated in a press release that Microsoft is “upset that the FTC is continuous to pursue what has grow to be a demonstrably weak case, and we’ll oppose additional efforts to delay the power to maneuver ahead.”