Microsoft, Activision ask judge for speedy schedule in FTC challenge

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U.S. District Judge Edward Davila on Tuesday set a June 22-23 evidentiary hearing and temporarily blocked the parties from completing the deal pending a future decision on whether to grant a preliminary injunction.

“Time is of the essence,” the companies wrote in a court filing, noting that Microsoft’s agreement to acquire Activision has a termination date of July 18 and contains a $3 billion termination fee. “Let there be no doubt, a preliminary injunction ruling is the only decision that matters under these challenging deadlines.”