In the wake of legal turmoil that has stalled—but not prevented—a merger between Microsoft and Activision, the Biden administration has opted to revisit the guidelines that the Justice Department and Federal Trade Commission will use to assess mergers and acquisitions under the lens of federal antitrust laws.
Shortly after a judge denied the Federal Trade Commission’s injunction to block Microsoft’s acquisition of Activision Blizzard on Tuesday, the FTC has now turned to an appeals court to stop the $69 billion deal once again.