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Microsoft has achieved another significant legal victory against the Federal Trade Commission (FTC) in its efforts to finalize its acquisition of Activision Blizzard. The 9th U.S. Circuit Court of Appeals in San Francisco denied the FTC's appeal to block Microsoft's $69 billion deal, as reported by Reuters. This decision, made by a three-judge panel, upholds the July 2023 ruling that permitted Microsoft to proceed with the acquisition, which was initially announced in late 2022.
The acquisition has been under intense scrutiny for over three years, with some U.S. Senators initially opposing the deal due to concerns about the ongoing consolidation within the tech industry. Fears among competitors and gamers that Microsoft might restrict popular franchises like Call of Duty to its own platforms were addressed by Microsoft, which assured that it had no plans to enforce lengthy exclusivity periods for any franchises.
Every Video Game Franchise Xbox Owns After Acquiring Activision Blizzard
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Despite facing numerous challenges throughout 2023, Microsoft successfully completed its acquisition of Activision Blizzard in October. The FTC's appeal, if successful, could have disrupted ongoing operations, but with its rejection, the regulatory challenge appears to be resolved.
For a detailed timeline of Microsoft's journey to finalize the Activision Blizzard acquisition, click here.
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