FTC Chairwoman Lina Khan testifies during the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce hearing on the "FY2024 Federal Trade Commission Budget," in Rayburn Building on Tuesday, April 18, 2023.
The Federal Trade Commission is set to file for an injunction Monday seeking to block Microsoft's proposed acquisition of Activision Blizzard , a person familiar with the matter told CNBC.
By filing for an injunction, the FTC is seeking to stop the transaction from going through before the deal's July 18 deadline.
The FTC had already sued to block the $68.7 billion acquisition, choosing to bring the case before its internal administrative law judge.
An appeal of the U.K.'s Competition and Markets Authority's decision to block the merger is also scheduled to take place this summer shortly after the acquisition deadline.
Persons:
Lina Khan, Brad Smith
Organizations:
Energy, Federal Trade Commission, Activision Blizzard, CNBC, FTC, Microsoft, Activision, Sony
Locations:
Rayburn, U.S