On Thursday, Microsoft opened a weeklong hearing that will decide whether its $69 billion bid to purchase video game behemoth Activision Blizzard should be temporarily blocked with a warning: If a federal judge grants the injunction that the Federal Trade Commission is seeking, the deal won’t go through.
“If we can’t close by July 18, and the court enjoins the transaction,” Microsoft’s lead attorney Beth Wilkinson said, “nobody can withstand that and we certainly can’t.” She stressed that siding with the FTC in the case will drag the company into a “three year administrative nightmare” that will doom the deal.
The argument set the stage for a mini trial in federal court in San Francisco between Microsoft and the FTC. The agency in December sued to block the merger, arguing that it will enable the tech giant to suppress competition in gaming. If approved, the deal will marry Microsoft,...
“If we can’t close by July 18, and the court enjoins the transaction,” Microsoft’s lead attorney Beth Wilkinson said, “nobody can withstand that and we certainly can’t.” She stressed that siding with the FTC in the case will drag the company into a “three year administrative nightmare” that will doom the deal.
The argument set the stage for a mini trial in federal court in San Francisco between Microsoft and the FTC. The agency in December sued to block the merger, arguing that it will enable the tech giant to suppress competition in gaming. If approved, the deal will marry Microsoft,...
- 6/23/2023
- by Winston Cho
- The Hollywood Reporter - Movie News
Registration is now open for gamers wanting to attend this year's Edinburgh Interactive Festival, organisers have announced. The two-day event, which will run from August 10, has this year moved to the Edinburgh Conference Centre to make it "more approachable and accessible for the public". Visitors to this year's festival are promised the chance to look at games from "new young development talent", along with a host of screenings and hands-on game time. Chris Deering, chairman of the Edinburgh Interactive Festival, said of the (more)...
- 6/10/2008
- by By David Gibbon
- Digital Spy
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