The Federal Trade Commission (FTC) is reportedly expected to file an injunction against Microsoft and its acquisition of Activision-Blizzard. The FTC will be filing a temporary order on Monday to prevent the transaction from occuring.

With Microsoft’s acquisition deal having been announced over a year ago, quite a few countries (and their respective relevant organizations) have decided on where they stand with the deal. China, South Korea, and the EU have all given the deal the green light, whereas the UK’s Competition and Markets Authority (CMA) has issued an order blocking the said deal.

The acquisition deal’s termination deadline is fast approaching, with the date set for July 18, just a little over a month away. Of course, this doesn’t mean that the deal ends by then, as it’s possible to extend the deal or renegotiate terms if needed. Microsoft President Brad Smith had this to say about the FTC’s recent actions:

We welcome the opportunity to present our case in federal court. We believe accelerating the legal process in the U.S. will ultimately bring more choice and competition to the market.

Two closed-door meetings in the FTC have also been scheduled for Monday, so it’s possible we’ll hear even more updates from the regulator following the results of the proceedings.

Source: Seeking Alpha (login required)