A U.S. appeals court has rejected the Federal Trade Commission's (FTC) challenge to Microsoft's $69 billion acquisition of Activision Blizzard. The court upheld a lower court ruling that denied the FTC's request for an injunction to block the deal. This ruling marks the latest in an ongoing legal battle, with the FTC failing to demonstrate that the merger would harm competition. The acquisition, which was completed in 2023, has now been affirmed by the 9th Circuit Court, effectively ending the FTC's efforts to halt the transaction. Microsoft has secured a key legal victory, reinforcing its control over Activision Blizzard in a deal valued at approximately $69 billion.