US Court Denies FTC's Request to Halt Microsoft's Activision Acquisition

A U.S. federal court has rejected the Federal Trade Commission's (FTC) request to temporarily halt Microsoft's $69 billion acquisition of Activision Blizzard. The court's decision comes after a federal judge ruled in favor of Microsoft earlier this week, stating that the FTC failed to prove the deal would violate antitrust laws. The FTC has appealed the ruling, but any regulatory obstacles could result in the deal expiring on July 18. Microsoft has expressed disappointment with the FTC's pursuit of the case and intends to oppose further delays.