Supreme Court allows Microsoft’s acquisition of Call of Duty developer.
The Supreme Court Clears the Way for Microsoft’s Acquisition of Activision-Blizzard
The Supreme Court has made a significant decision regarding Microsoft’s $68.7 billion purchase of Activision-Blizzard, the renowned developer behind Call of Duty. This ruling paves the way for the merger to proceed without any hindrances.
Justice Elena Kagan, in a crucial move, rejected the request for a temporary injunction on the merger made by a group of passionate gamers. Their emergency application aimed to halt the deal, but Justice Kagan’s decision has effectively allowed the merger to move forward. It is worth noting that this decision comes after a California court already ruled in favor of Microsoft in a lawsuit filed by the Federal Trade Commission. Furthermore, today marks the final deadline for the merger, which will officially take effect by midnight.
The Concerns Surrounding the Merger
“The merger between Microsoft and Activision would be one of, if not the largest technology mergers in history, at a time when concentration among technology companies is already threatening the competitive balance of our economy and even our political systems,”
This statement was made by the group of gamers who filed the emergency application to stop the merger. They expressed their concerns about the increasing concentration of power among technology companies and its potential impact on our economy and political systems.
A Favorable Decision from Judge Jacqueline Scott Corley
Judge Jacqueline Scott Corley, presiding over the case in San Francisco, delivered a favorable decision for Microsoft on June 11. The ruling came after a five-day proceeding during which key executives from the Federal Trade Commission, Microsoft, Sony, and Activision-Blizzard provided their insights on the merger.
It is important to note that the decision has also been subject to review by other countries. The European Union ruled in favor of the merger, while the United Kingdom initially blocked it. However, a London tribunal has temporarily paused Microsoft’s appeal to allow for a resolution between Microsoft and the U.K.-based Competition and Markets Authority within two months. Shortly after Judge Corley’s ruling, the CMA announced its willingness to consider a modified proposal from Microsoft.
For more information, click here to read more from The Washington Examiner.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
