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.
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A closely watched election for a state supreme court judgeship in Wisconsin gave Democrats a boost Tuesday night, while two special elections in Florida delivered two seats to House Speaker Mike Johnson's perilously thin GOP majority. Though off-year and special elections attract a much smaller share of voters than presidential elections, the outcomes in both states held insights for Democrats and Republicans for the months ahead. Here are some of the takeaways:
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