The FTC will finally stop challenging Microsoft's purchase of Activision Blizzard

The Federal Trade Commission has dropped its challenge against Microsoft's $68.7 billion purchase of Activision Blizzard. The agency had previously tried to block the merger both before and after it closed in October 2023, but its latest appeal was denied by the Ninth Circuit Court of Appeals, as the FTC failed to successfully argue several key points in its case for a preliminary injunction against the deal.