FTC Fails to Block Microsoft's Activision Blizzard Deal

Microsoft has secured another victory over the Federal Trade Commission (FTC) in its quest to acquire Activision Blizzard. The FTC's appeal to block Microsoft's monumental $69 billion deal to purchase the company behind the iconic Call of Duty franchise was denied by San Francisco's 9th U.S. Circuit Court of Appeals. This decision, announced today, further solidifies a purchase that was originally announced in late 2022, as reported by Reuters. A three-judge panel concluded the FTC's challenge to the July 2023 decision that allowed Microsoft to move forward with finalizing its acquisition.

Microsoft's journey to acquire Activision Blizzard has been under intense scrutiny for over three years. Opposition to the transaction began with select U.S. Senators who voiced concerns about the ongoing consolidation within the tech industry as Microsoft, the Xbox maker, expanded its portfolio. Fears among competitors and gamers centered around the potential exclusivity of popular franchises like Call of Duty. In response, Microsoft assured stakeholders that it had no interest in restricting certain franchises behind lengthy exclusivity periods.

Every Video Game Franchise Xbox Owns After Acquiring Activision Blizzard

View 70 ImagesDespite continuous challenges throughout 2023, Microsoft successfully completed its purchase of Activision Blizzard in October of the same year. The FTC's appeal posed a potential late hurdle to normal operations, but with its efforts now thwarted, it appears their pursuit has reached its conclusion.

For a detailed timeline of Microsoft's challenges in finalizing its acquisition of Activision Blizzard, you can click here.