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Microsoft Can Close $69 Billion Activision Blizzard Merger, Judge Rules

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Activision Blizzard’s stock surged amid groundbreaking ruling:

A California judge ruled in favor of Microsoft’s $69 billion acquisition of video game giant Activision Blizzard on Tuesday, striking down an attempt by the Federal Trade Commission to block the massive merger and giving Microsoft the greenlight to close a deal designed to help it

compete with Nintendo and Sony.Getty Images for ActivisionFederal Judge Jacqueline Scott Corley denied the FTC’s request for a preliminary injunction blocking the merger after five days of testimony, after the FTCMicrosoft’s purchase of Activision Blizzard, the maker of gaming franchises

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