FTC reportedly leaning toward quick appeal of Microsoft-Activision loss (NASDAQ:ATVI)

The Federal Trade Commission is reportedly leaning toward appealing its court loss in trying to stop the purchase of Activision Blizzard (NASDAQ:ATVI) by Microsoft (NASDAQ:MSFT) — perhaps as soon as Wednesday.

The agency would be working to beat a short pause on the deal that’s set to expire Friday, at midnight PT. The $69B acquisition has a termination date on July 18, in just a week, and Microsoft may be aiming to close it on Monday. But it’s looking likely that an appeal will come quickly, Bloomberg reported.