Microsoft, Activision ask judge for at least 5-day hearing in FTC's suit to block deal
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Microsoft (NASDAQ:MSFT) and Activision (NASDAQ:ATVI) are asking a federal judge to hold at least a five-day hearing on the Federal Trade Commission's request for a preliminary injunction to block the $69 billion videogame deal. 
The request comes after judge on Tuesday set June 22 and June 23 for a two-day hearing on the preliminary injunction in San Francisco.
The companies are also asking for a case management conference as soon as Thursday and are asking for the main hearing before Judge Jacqueline S. Corley to extend into the week of June 26, according to a court filing on Wednesday.
"The FTC knows that a preliminary injunction decision will determine whether the transaction succeeds or fails, yet counsel claims that the preliminary injunction is required only to ensure there is time to complete the administrative process," the companies argued in the court filing. "Let there be no doubt, a preliminary injunction ruling is the only decision that matters under these challenging deadlines."
The San Francisco court on Tuesday granted a temporary restraining order that blocks Microsoft (MSFT) from completing its purchase of Activision (ATVI).
The FTC made the request for the temporary block and a preliminary injunction on Monday out of concern that Microsoft (MSFT) planned to complete the megadeal at any time. The FTC originally filed a lawsuit in December to block the $95 per share Activision deal, though the suit was filed through an in-house administrative court proceeding that's scheduled to take place in August.
The Activision (ATVI) deal has a termination deadline of July 18, where the parties can walk away, extend, or renegotiate the deal.
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