Microsoft's Historic Acquisition Clears Legal Hurdle

In a groundbreaking decision, a US federal appeals court has dismissed the Federal Trade Commission's (FTC) opposition to Microsoft Corporation's colossal $69 billion purchase of Activision Blizzard. This ruling, documented in a court filing this Wednesday, marks a pivotal moment for the tech giant.

Legal Triumph for Microsoft

The court found the FTC's arguments lacking, stating the commission failed to present compelling evidence that the merger would significantly reduce competition in the gaming sector. "The FTC had not raised serious questions regarding whether the proposed merger was likely to substantially lessen competition in the relevant markets," the filing noted.

Implications for the Gaming Industry

This verdict not only solidifies Microsoft's position in the gaming industry but also ensures its continued ownership of blockbuster franchises like "Call of Duty" and "World of Warcraft." The FTC had previously voiced concerns that the acquisition could stifle competition, but the court's decision has now paved the way for the merger to proceed unimpeded.