FTC will try to block Microsoft's acquisition of Activision Blizzard

The Federal Trade Commission is acceptable to record for an injunction connected Monday seeking to artifact Microsoft's projected acquisition of Activision Blizzard, a idiosyncratic acquainted with the substance told CNBC.

By filing for an injunction, the FTC is seeking to halt the acquisition from going done earlier the deal's July 18 deadline.

The FTC had already sued to artifact the $68.7 cardinal acquisition, choosing to bring the lawsuit earlier its interior administrative instrumentality judge. Through that trial-like process, the ALJ would marque an archetypal determination that could beryllium appealed to the afloat committee for a vote. After that, Microsoft could entreaty to a national tribunal should the determination not spell its way. The lawsuit is acceptable to spell earlier the ALJ successful August.

An appeal of the UK's Competition and Markets Authority's decision to artifact the merger is besides scheduled to instrumentality spot this summertime soon aft the acquisition deadline.

"We invited the accidental to contiguous our lawsuit successful national court," Microsoft President Brad Smith said. "We judge accelerating the ineligible process successful the U.S volition yet bring much prime and contention to the market."

Shares of Microsoft and Activision were astir level Monday afternoon.

WATCH: What the blockbuster Microsoft and Sony deals mean for the aboriginal of gaming