<ul><li>The FTC has lost its appeal against Microsoft's acquisition of Activision Blizzard for $68.7 billion.</li><li>A district court judge denied the FTC's request for a preliminary injunction to stop the deal from finalizing.</li><li>An appeals court panel affirmed the denial, stating the FTC failed to show likelihood of success on its theories.</li><li>The deal was completed in October 2023 and is still subject to an ongoing administrative proceeding before the FTC.</li></ul>

FTC loses appeal to stop Microsoft’s Activision Blizzard deal that already happened

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