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Tribune News Service
Tribune News Service
Business
Malathi Nayak

Microsoft, Activision CEOs to defend $69 billion deal in fight with FTC

Microsoft Corp. Chief Executive Officer Satya Nadella and Activision Blizzard Inc. CEO Bobby Kotick will be in court this week to try to persuade a federal judge in California to reject the Federal Trade Commission’s effort to block their $69 billion deal.

US District Judge Jacqueline Scott Corley is presiding at a five-day hearing in San Francisco starting Thursday over the FTC’s bid to prevent Microsoft from acquiring Activision while the agency’s legal challenge to the deal is pending. Nadella and Kotick were listed as key witnesses in a joint court filing Tuesday.

Other top Microsoft executives, including Chief Financial Officer Amy Hood and Phil Spencer, executive vice president for gaming, are expected to take the witness stand, as well as Activision’s Chief Financial Officer Armin Zerza, according to the filing.

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