FTC Fails to Block Microsoft's Activision Blizzard Deal

Microsoft has achieved another significant milestone in its journey to acquire Activision Blizzard, overcoming yet another challenge posed by the Federal Trade Commission (FTC). The FTC's latest appeal, aimed at blocking Microsoft's monumental $69 billion deal to purchase the company behind the iconic Call of Duty franchise, was denied by the 9th U.S. Circuit Court of Appeals in San Francisco. This decision marks a pivotal moment, solidifying the acquisition that was originally announced in late 2022, as reported by Reuters. The ruling by a three-judge panel effectively concludes the FTC's challenge to the July 2023 decision that had previously greenlit Microsoft to proceed with finalizing the purchase.

The acquisition of Activision Blizzard by Microsoft has been under intense scrutiny for over three years. This scrutiny was not only from regulatory bodies but also from influential figures such as select U.S. Senators who were among the first to oppose the transaction. Their primary concerns revolved around the ongoing consolidation within the tech industry, especially as Microsoft, the Xbox maker, continued to expand its portfolio by acquiring major entities. The tech giant's move raised alarms among competitors and gamers alike, fearing that popular franchises like Call of Duty might become exclusive to Microsoft platforms. However, Microsoft alleviated these concerns by confirming it had no interest in barring certain franchises behind lengthy exclusivity periods.

Every Video Game Franchise Xbox Owns After Acquiring Activision Blizzard

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Despite facing numerous hurdles throughout 2023, Microsoft successfully completed its purchase of Activision Blizzard in October of the same year. The FTC's recent appeal could have potentially disrupted the ongoing operations, but with their efforts now thwarted, it appears their pursuit has reached its end.

For those interested in a comprehensive timeline detailing all of Microsoft’s challenges in finalizing its acquisition of Activision Blizzard, you can click here.