Several parties oppose Microsoft's acquisition of Activision Blizzard. It's believed that the US Federal Trade Commission is considering filing a lawsuit against the parties involved. This would be a major blow to the deal worth $68.7 billion.
The EU Commission and UK Competition and Markets Authority announced Phase 2 of their respective investigations into the deal. While this doesn't guarantee both said competition watchdogs would block the merger, it does delay the process by several months.
Having said that, reports suggest Microsoft is preparing to offer concessions to the EU Commission in order to help convince regulators to approve the deal. If successful, this could help shorten the regulatory process in favor of Microsoft and Activision Blizzard.
