"FTC Appeal Loss Paves the Way for Microsoft's Activision Blizzard Acquisition"

The U.S. Appeals Court for the Ninth Circuit has denied the Federal Trade Commission's appeal in its case against Microsoft's acquisition of Activision Blizzard. This comes after a California judge denied the FTC's request for a preliminary injunction to block the acquisition. With the appeal denied, Microsoft is now clear to complete the purchase in the U.S., but still needs to address concerns from the Competition and Markets Authority in the U.K. The deadline for the U.K. ruling has been extended to August 29.