A federal court has issued a temporary restraining order that will prevent Microsoft from closing its $68.7 billion deal to acquire Activision Blizzard — at least for now. The Federal Trade Commission filed a complaint on Monday seeking to get the restraining order and a preliminary injunction, and the court has agreed to the restraining order while it considers that injunction. If the courts grant the injunction as well, the FTC would have a chance to make its legal case before any deal can be done.
As a result of today’s order, Microsoft and Activision cannot complete the acquisition until “after 11:59 p.m. Pacific Time on the fifth business day after the Court rules on the FTC’s request for a preliminary injunction” or a date set by...
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