Advertisement <\/span> <\/p>\n<\/aside>\nAs of this writing, Activision Blizzard’s stock price is $76.94, well below Microsoft’s per-share offer price. That gap reflects the market uncertainty over whether the deal will be allowed to proceed and whether Microsoft will be able to stick with its initial offer during any renegotiation.<\/p>\n
Representatives from Microsoft and Activision have yet to respond to a request for comment from Ars Technica. But both sides have expressed public confidence in seeing the deal through in light of the FTC’s actions. Last month, Activision Blizzard CEO Bobby Kotick sent a message to employees “reinforc[ing] my confidence that this deal will close. The allegation that this deal is anti-competitive doesn’t align with the facts, and we believe we’ll win this challenge.”<\/p>\n
“There is no sensible, legitimate reason for our transaction to be prevented from closing,” Microsoft said in a December statement following the FTC’s announcement. “Our industry has enormous competition and few barriers to entry… The breadth of distribution options for games has never been more widespread. We believe we will prevail on the merits of the case.”<\/p>\n
While the FTC’s August hearing date was tentatively set in late December, the scheduling order issued this week formally lays out months of pre-hearing deadlines for witness lists, document requests, expert testimony, hearing exhibits, and pre-hearing motions.<\/p>\n
Outside of the US, the European Commission said it would make a final decision in its “in-depth investigation” of the proposed merger by April 11. The UK’s Competition and Markets Authority faces a statutory deadline of April 26 to conclude its investigation of the matter.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
enlarge \/ Microsoft and Activision may be sent back to the bargaining table thanks to FTC delays. Getty Images | Bloomberg When Microsoft first announced its intention to buy Activision Blizzard nearly a year ago, the companies said they expected the deal to close during the 2023 fiscal year, which ends this coming June. That …<\/p>\n
FTC delays could send Microsoft and Activision back to the bargaining table<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\nFTC delays could send Microsoft and Activision back to the bargaining table - harchi90<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n