Microsoft set to acquire Activision Blizzard despite legal challenges.
TL;DR Summary
Microsoft is moving forward with its $69 billion acquisition of Activision Blizzard despite the Federal Trade Commission's (FTC) antitrust concerns. The company is optimistic about securing approval from the UK and EU regulators, who have been swayed by Microsoft's pledges to give rivals access to its blockbuster "Call of Duty" video game franchise. If it gains European approvals, Microsoft plans to quickly close the merger for $95 a share. The FTC can still file for a temporary injunction to stop the merger from closing, but legal experts believe the complaint will be difficult to win.
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