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FTC loses latest appeal in ongoing battle against Microsoft's Activision Blizzard acquisition
A year and a half after Microsoft finally bought Activision Blizzard for $69bn, the US Federal Trade Commission's conti…
A year and a half after Microsoft finally bought Activision Blizzard for $69bn, the US Federal Trade Commission's continuing attempts to block the deal might finally have come to an end after the 9th Circuit Court denied the agency's attempt to appeal a 2023 lower court decision. The FTC has been battling Microsoft's acquisition of Activision Blizzard since it was proposed in 2022, arguing - in an antitrust lawsuit filed in December that year- the deal would "harm competition in multiple dynamic and fast-growing gaming markets." As for Microsoft, it has been reaping the benefits of its $69bn acquisition since the deal was finalised in 2023; the company's Q1 2025 financial report showed a substantial 61 percent year-on-year increase in Xbox content and services revenue, largely thanks to Activision Blizzard.
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