An American judge has temporarily blocked Microsoft’s planned purchase of video gaming company Activision Blizzard. U.S. District Judge Jacqueline Scott Corley made the ruling Tuesday in San Francisco. Her decision came after the Federal Trade Commission (FTC) requested federal court action to block Microsoft’s $69 billion deal. FTC officials have expressed concern that the purchase, also called an acquisition, would hurt competition in the video gaming market. Both Microsoft and Activision had signaled the deal could be completed as soon as June 16. Corley said her ruling to temporarily halt the deal was “necessary to maintain the status quo” while the FTC’s legal cases are still active. An earlier request by the FTC to block the acquisition will also be considered at a hearing set for June 20. The FTC wants the deal to be blocked until the U.S. government has a chance to have its concerns about competition officially heard.
Title: US Judge Temporarily Blocks Microsoft’s Purchase of Activision
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/T15.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='US Judge Temporarily Blocks Microsofts Purchase of Activision' data-article-id='6489'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='12104'>An American judge has temporarily blocked Microsoft’s planned purchase of video gaming company Activision Blizzard.</span> <span data-start-time='12104' data-end-time='21021'>U.S. District Judge Jacqueline Scott Corley made the ruling Tuesday in San Francisco. </span> <span data-start-time='21021' data-end-time='35313'>Her decision came after the Federal Trade Commission (FTC) requested federal court action to block Microsoft’s $69 billion deal.</span> <span data-start-time='35313' data-end-time='49208'>FTC officials have expressed concern that the purchase, also called an acquisition, would hurt competition in the video gaming market. </span> <span data-start-time='49208' data-end-time='59396'>Both Microsoft and Activision had signaled the deal could be completed as soon as June 16.</span> <span data-start-time='59396' data-end-time='75021'>Corley said her ruling to temporarily halt the deal was “necessary to maintain the status quo” while the FTC’s legal cases are still active. </span> <span data-start-time='75021' data-end-time='85854'>An earlier request by the FTC to block the acquisition will also be considered at a hearing set for June 20.</span> <span data-start-time='85854' data-end-time='98708'>The FTC wants the deal to be blocked until the U.S. government has a chance to have its concerns about competition officially heard.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/5914/T15.jpeg'/></div></div><div id='question-content' style='display:none;'><div class='sentence_completion_question question-container' data-question-id=19504 data-hint-location='85854' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/the_ftc_wants_the_deal_to_be_blocked_until_the_us_government_has_a_chance_to_have_its_concerns_about__blank__officially_heard.wav'>The FTC wants the deal to be blocked until the U.S. government has a chance to have its concerns about <span class='blank'>competition</span> officially heard.</div><div class='choices' data-correct-choice='competition'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/costs.wav'><span>costs</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/marketing.wav'><span>marketing</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/innovation.wav'><span>innovation</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/competition.wav'><span>competition</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=19505 data-hint-location='12104' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/who_temporarily_blocked_microsofts_planned_purchase_of_activision_blizzard.wav'>Who temporarily blocked Microsoft's planned purchase of Activision Blizzard?</div><div class='choices' data-correct-choice='A U.S. District Judge'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/a_us_district_judge.wav'><span>A U.S. District Judge</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/the_federal_trade_commission_ftc.wav'><span>The Federal Trade Commission (FTC)</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/microsoft_officials.wav'><span>Microsoft officials</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/activision_blizzard_executives.wav'><span>Activision Blizzard executives</span></div></div></div><div class='vocabulary_question question-container' data-question-id=19506 data-hint-location='35313' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/what_does_the_term_acquisition_refer_to_in_the_context_of_the_article.wav'>What does the term "acquisition" refer to in the context of the article?</div><div class='choices' data-correct-choice='The purchase or takeover of a company'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/a_temporary_block_on_a_business_deal.wav'><span>A temporary block on a business deal</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/a_legal_case_filed_by_the_federal_trade_commission.wav'><span>A legal case filed by the Federal Trade Commission</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/the_purchase_or_takeover_of_a_company.wav'><span>The purchase or takeover of a company</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/5914/concerns_raised_by_us_government_officials.wav'><span>Concerns raised by U.S. government officials</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
Sound Name: https://news-app-production.s3.amazonaws.com/articles/5914/T15.wav
Preview
