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.

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

Microsoft has secured another victory over the Federal Trade Commission (FTC) in its quest to secure Activision Blizzard. Microsoft’s acquisition of Activision Blizzard has faced scrutiny from across the board for more than three years.