Microsoft Chief Executive Officer Satya Nadella and Activision Blizzard Inc. CEO Bobby Kotick will be in court this week to try to persuade a federal judge in California to reject the Federal Trade Commission s effort to block their $69 billion deal.
Microsoft has pressed for a decision sooner rather than later, noting that the purchase agreement has a termination date of July 18, although such dates can be extended and often are.
Microsoft’s Activision Blizzard acquisition deal: Microsoft s acquisition of Activision-Blizzard got the green light from EU s European Commission, on the assurance that Microsoft would take steps to ensure they don t strangle cloud gaming.
UK blocks Microsoft-Activision acquisition: UK s Competition and Markets Authority has blocked the merger of Microsoft-Activision fearing that it would seriously damage competition in cloud gaming, an industry which is expected to be valued at $13.7 billion by 2026.