The court rejected the FTC's appeal in the Microsoft and Activision Blizzard merger case and upheld the legality of the deal

On 11 July, Microsoft won a lawsuit against the Federal Trade Commission (FTC) and won the right to pursue a deal with Activision Blizzard.

Here's What We Know

Immediately after the trial, the FTC exercised its right to file an appeal. Today it became known that during its consideration, the court confirmed the legality of the deal and rejected the repeated lawsuit.

Thus, Microsoft has reached the finish line to complete the largest deal in the history of the industry, it remains only to get the consent of the CMA - the British regulator, which began to show flexibility and willingness in finding a compromise.

Since the merger will definitely not be completed by 18 July, Microsoft is contractually obliged to pay Activision Blizzard $3 billion in compensation.

Source: VGC