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

The 9th Circuit Court of Appeals issued an opinion Wednesday affirming a denial of a preliminary injunction the FTC had sought for Microsoft's now-completed acquisition of Activision Blizzard.

Microsoft Corp. (MSFT) bagged a win on Wednesday against the U.S. Federal Trade Commission’s (FTC) appeal challenging the Windows maker’s acquisition of video game developer Activision Blizzard. Microsoft’s stock was down 0.