Microsoft Clears Major Hurdle As FTC Ends Effort To Block Activision Merger
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On May 7, the Ninth Circuit upheld a decision allowing Microsoft’s $69 billion acquisition of Activision Blizzard to proceed, as the FTC dropped its efforts to block the merger. The FTC concluded that dismissing the case served the public interest. This decision follows broader regulatory changes under the Biden administration, which has targeted price discrimination and tech giants. Microsoft’s stock is currently down 1.06% at $450.31.
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