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Microsoft’s Activision purchase may receive an FTC ruling by the end of November.
In relation to Microsoft’s (NASDAQ:MSFT) proposed $69 billion acquisition of Activision (NASDAQ:ATVI), the U.S. Federal Trade Commission may make a ruling as early as November.
A Dealreporter article states that the review is currently at the staff level and that it will proceed via the Bureau of Competition before reaching the commissioners over the course of the upcoming few weeks. The FTC launched a thorough antitrust investigation into the potential merger in late March after requesting more information about it.
Dealreporter reported that it had spoken to two sources who stated that the FTC personnel had serious reservations about the deal. The regulator is speaking with rivals and other parties about their concerns with the agreement, including Google and Sony.
The most recent report comes as the UK’s antitrust regulator on Tuesday set a March 1 deadline for making a decision about the acquisition of the video gaming titan.
The European Commission received Microsoft’s application for the Activision merger on Friday, and the body set a provisional deadline of November 8 for rendering a preliminary judgment on the merger.
Dealreporter reported on Friday that Sony allegedly met with the EC last month to express its reservations about the ATVI/MSFT merger. Google (NASDAQ:GOOGL) is rumored to be concerned about the purchase as well and to have expressed this issue to regulators.
Satya Nadella, the CEO of Microsoft, told Bloomberg in an interview last month that he is still convinced that the $69 billion purchase would be authorized despite the fact that the deal is being scrutinized by all the regulators.
Activision Blizzard will be purchased by Microsoft (NASDAQ:MSFT) for $69 billion, or $95 per share in cash, in January.
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