A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft's $69 billion purchase of “Call of Duty” maker Activision Blizzard.

While many governing bodies around the world approved of the deal, the USA's Federal Trade Commission was one of the few to stand against it — in fact, it's still fighting its corner. Essentially, the FTC has been fighting the acquisition since it was first mooted, arguing that it would be harmful to industry competition.

The FTC loses its appeal of the ruling in its case against Microsoft's acquisition of Activision Blizzard, which went through in 2023.