On May 22, 2025, the U.S. Federal Trade Commission (FTC) withdrew its administrative case opposing Microsoft Corporation (NASDAQ:MSFT)’s $69 billion acquisition of Activision Blizzard. The decision arrived nearly two years after the transaction was finalized,

The Federal Trade Commission (FTC) has officially dropped its case against Microsoft’s acquisition of Activision Blizzard. The FTC filed an order to dismiss its complaint on Thursday, just days after it lost an appeal for a preliminary injunction to prevent Microsoft from finalizing its acquisition.

The Federal Trade Commission has finally given up the ghost on challenging Microsoft's $68.7 billion purchase of Activision Blizzard.