<ul><li>The US Federal Trade Commission (FTC) has dropped its opposition to Microsoft's $69 billion acquisition of Activision Blizzard following a legal setback.</li><li>The FTC's pursuit of the complaint against the acquisition was deemed 'not in the public interest' after losing an appeal to block the deal.</li><li>The decision to drop the case was made after the Ninth Circuit Court of Appeals ruled that the FTC did not successfully argue its case for a preliminary injunction against the merger.</li><li>The UK's Competition and Markets Authority had previously blocked the deal in April 2023, causing tensions between Microsoft and the British regulator. Microsoft had to make concessions, including not acquiring cloud rights for certain games, to gain UK approval.</li></ul>

FTC Drops Case To Block Microsoft’s $69bn Activision Purchase

Discover more