Well, the results are here. In the USA the FTC was trying to block Microsoft from acquiring Activision Blizzard but Microsoft has won the fight. Now Microsoft are one big step closer to actually properly closing the deal, and a rather big consolidation of the gaming industry given how big Activision Blizzard are.
As per the decision:
Microsoft’s acquisition of Activision has been described as the largest in tech history. It deserves scrutiny. That scrutiny has paid off: Microsoft has committed in writing, in public, and in court to keep Call of Duty on PlayStation for 10 years on parity with Xbox. It made an agreement with Nintendo to bring Call of Duty to Switch. And it entered several agreements to for the first time bring Activision’s content to several cloud gaming services.
This Court’s responsibility in this case is narrow. It is to decide if, notwithstanding these current circumstances, the merger should be halted—perhaps even terminated—pending resolution of the FTC administrative action. For the reasons explained, the Court finds the FTC has not shown a likelihood it will prevail on its claim this particular vertical merger in this specific industry may substantially lessen competition. To the contrary, the record evidence points to more consumer access to Call of Duty and other Activision content. The motion for a preliminary injunction is therefore DENIED.
This means the temporary restraining order against the acquisition will be removed on July 14th, unless the FTC obtains a "stay pending appeal from the Ninth Circuit Court of Appeals".
Microsoft still have a fight ahead in the UK though, since the CMA (Competition and Markets Authority) blocked the deal but naturally Microsoft is appealing the decision with a hearing set to begin on July 28th. So they're not completely out of the woods yet but it's probable Microsoft will end up winning there too. Update 16:21 UTC - Brad Smith, Vice Chair and President Microsoft, put a statement on Twitter:
After today's court decision in the U.S., our focus now turns back to the UK. While we ultimately disagree with the CMA’s concerns, we are considering how the transaction might be modified in order to address those concerns in a way that is acceptable to the CMA. In order to prioritize work on these proposals, Microsoft and Activision have agreed with the CMA that a stay of the litigation in the UK would be in the public interest and the parties have made a joint submission to the Competition Appeal Tribunal to this effect.
What do you think to this outcome?