FTC's Bid to Halt Microsoft's Activision Purchase Denied by Appeals Court

A federal appeals court has denied the Federal Trade Commission's (FTC) request to temporarily halt Microsoft's acquisition of video game maker Activision Blizzard. The court's decision upholds a ruling by a California federal district court judge, allowing the $69 billion deal to proceed while the FTC's antitrust challenge remains pending. The acquisition still requires approval from UK regulators, but legal experts view the ruling as a win for Microsoft. The deal would be the largest in Microsoft's history and would make the company the second-largest home console maker by revenue.