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TEXXR

Chronicles

The story behind the story

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The FTC files to appeal a US court ruling that cleared the way for Microsoft to acquire Activision Blizzard; the existing TRO expires at 11:59pm PT on July 14

The Federal Trade Commission (FTC) says it is appealing a recent US federal court order that cleared the way for Microsoft to purchase Activision Blizzard.

The Verge

Context & Ripple Effects

The appeal follows the FTC’s earlier bid for a temporary restraining order and preliminary injunction and a court decision finding its theories of harm unlikely to succeed. The agency is now pursuing appellate relief against a transaction that the district-court ruling had largely cleared to proceed.

The expiring TRO makes timing central: absent new court action, Microsoft and Activision Blizzard face a narrowing legal barrier rather than a resolved regulatory dispute.

First-order effects

  • The FTC must persuade the Ninth Circuit to intervene quickly before the TRO expires; its appeal keeps the challenge active but does not itself extend the restraint.
  • Microsoft and Activision Blizzard gain a clearer path to close if no emergency relief is granted, while remaining exposed to appellate litigation.

Second-order effects

  • The district-court result raises the bar for the FTC to use emergency court remedies against this deal, shifting leverage toward the companies as the closing window approaches.
  • Other large technology dealmakers and their advisers will closely watch whether an appeal can alter a failed injunction effort, particularly where agency theories have already been rejected at trial court.

Third-order effects

  • If appellate courts consistently decline to pause challenged transactions after adverse district-court rulings, merger enforcement may rely more heavily on post-closing challenges rather than pre-closing injunctions.
  • The episode illustrates how merger outcomes can hinge on procedural timing: regulators may retain a case while losing practical ability to prevent a transaction from closing.

The trend: This is one data point in the growing importance of fast, pre-closing litigation as the decisive arena for enforcement of major technology mergers.

Discussion

  • Gameranx Ryan Parreno on x
    FTC Appeals Injunction, Microsoft And Activision Blizzard React
  • Pure Xbox Liam Doolan on x
    FTC Appeals Court's Ruling Permitting Microsoft's Acquisition Of Activision Blizzard
  • @bradsmi Brad Smith on x
    Yesterday the Court ruled our acquisition of Activision Blizzard should proceed, and we oppose any further delay. Our statement on the FTC's decision to appeal: [image]
  • @tomwarren Tom Warren on x
    BREAKING: the FTC has filed an appeal against Judge Corley's decision to deny its preliminary injunction request over Microsoft's proposed Activision Blizzard acquisition https://www.theverge.com/...
  • @nlgmullis Mike Mullis on x
    I kept trying to tell people, Lina Kahn is a political activist and she wants her big win no matter how many times she lost before. And she HAS people like Sen. Elizabeth Warren in her corner cheering her on. This ISN'T over yet. https://www.theverge.com/...
  • @geronimo_73_ @geronimo_73_ on x
    As expected, the FTC filed an appeal to deny Judge Corley's decision accepting Microsoft's acquisition of Activision Blizzard Microsoft will file its motion to again defend itself against an FTC Without new arguments, FTC is set to lose this case as well https://storage.courtlist…
  • @jordannovet Jordan Novet on x
    well there it is https://www.cnbc.com/...
  • @tomwarren Tom Warren on x
    Microsoft has responded to the FTC's decision to appeal Judge Corley's ruling: “We're disappointed that the FTC is continuing to pursue what has become a demonstrably weak case, and we will oppose further efforts to delay the ability to move forward.” https://www.theverge.com/...
  • @gameoverthirty @gameoverthirty on x
    It's not clear the appellate court will even rule in time to stop #Microsoft from closing the deal. Regardless, the FTC has appealed Judge Corley's decision to DENY a preliminary injunction against the acquisition of #ActivisionBlizzard. https://storage.courtlistener.com/ ...
  • @nlgmullis Mike Mullis on x
    We will talk about this tonight, but as I said earlier don't underestimate Lina Kahn's determination to take down a big fish tech company. This has nothing to do with protecting consumers. This is a political cause for her. This isn't over yet folks. [image]
  • @grummz @grummz on x
    It's not over. FTC just filed to appeal in the Microsoft Activision Blizzard case. Looks like they seriously want to kill this deal. This sets the clock ticking again. https://www.theverge.com/...
  • @reckless1280 Nilay Patel on threads
    Just to put this in sharp relief: do you, or anyone you know, recall the trial outcome in Dobbs?  The facts of it?  Or that it landed in the Supreme Court which used it to overturn Roe as law?  Exactly.
  • @reckless1280 Nilay Patel on threads
    Just a reminder that if your goal is to change the legal standard for antitrust enforcement you have always been aiming for the appellate courts, I beg you to please understand trial courts are about...
  • r/TwoBestFriendsPlay r on reddit
    The Saga Continues with FTC Appealing ActiBlizz Merger Ruling
  • r/pcgaming r on reddit
    FTC is appealing ruling that cleared Microsoft to buy Activision Blizzard
  • r/xboxone r on reddit
    FTC appeals court decision permitting Microsoft to buy Activision Blizzard
  • r/XboxSeriesX r on reddit
    FTC appeals court decision permitting Microsoft to buy Activision Blizzard