The Federal Trade Commission (FTC) has dropped its appeal against Microsoft and its acquisition of Activision Blizzard.
Microsoft sealed the deal to acquire Activision Blizzard for $68.7 billion (£50.9bn) back in October 2023.
It marked the biggest company buyout in the video game industry to date.
However, the FTC has been fighting against the acquisition since plans were announced in 2022.
The FTC’s announcement of a lawsuit to block the acquisition came as it suggested that the deal would “harm competition in multiple dynamic and fast-growing gaming markets”.
Continue reading FTC drops appeal against Microsoft’s acquisition of Activision Blizzard