The U.S. Federal Trade Commission (FTC) has officially dropped its action against Microsoft’s takeover of Activision Blizzard, bringing an end to a multi-year legal battle.
In its decision, the FTC states that the public interest is best served by abandoning the administrative procedure. This decision comes just a few weeks after the Commission rejected its request for an injunction.
The $68.7 billion buyout had been finalized in October 2023, following an initial legal victory for Microsoft. The FTC tried to appeal, but was unsuccessful.
Microsoft president Brad Smith hailed the decision as a "victory for gamers and common sense".
