Key Points
WASHINGTON, July 20 (Reuters) - The U.S. Federal Trade Commission official on Thursday withdrew the agency's case before an in-house judge that sought to block Microsoft's (MSFT.O) $69 billion acquisition of game-maker Activision (ATVI.O)...
One was in district court, which refused last week to slap a preliminary injunction on the proposed transaction..
The second was before an FTC administrative law judge, where the deal was set to go to trial on Aug. 2. It was this attack that the agency put on hold on Thursday, in an order made by FTC Secretary April Tabor...
"The district court had a full opportunity to consider the FTCs claims and found that the Commission was unlikely to succeed on the merits of those claims for multiple, independently sufficient reasons," the companies said in their motion...
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