Overview

• The Federal Trade Commission officially dropped its case against Microsoft’s acquisition of Activision Blizzard on May 22, 2025.
• This follows the FTC’s failed appeal earlier in May to reverse a judge’s decision declining to block the deal.
• Microsoft completed the $69 billion acquisition in October 2023 after securing approvals from UK and EU regulators.
• The FTC initially argued the merger could harm competition in the console and cloud-gaming markets but ultimately deemed further litigation not in the public interest.
• Microsoft leadership called the resolution a win for consumers and praised the FTC’s decision to dismiss its complaint.