
Feds move to block $69 billion Microsoft-Activision merger
CBSN
Federal regulators have filed a legal motion to prevent Microsoft from completing its $69 billion deal for Activision Blizzard.
The Federal Trade Commission on Monday filed for a temporary restraining order and an injunction in the Northern District of California to stop the deal from closing.
Microsoft last year proposed to buy video game developer Activision Blizzard for $69 billion. The FTC sued the company in December to stop the merger, claiming it would harm competition in the video-game industry. The first hearing in that case is scheduled for August 2, according to court filings.

WASHINGTON — An American intelligence assessment of the Ecuadorian presidential election, set for Sunday, concluded that a reelection of the incumbent president would better serve U.S. national security interests over the challenger. The assessment comes as the Trump administration mulls establishing a permanent U.S. military presence in the South American country, once known as the "island of peace," to help battle violent gangs, CBS News has learned.