Judge Declines to Block Microsoft's Record $69 Billion Deal to Buy Activision Blizzard

A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. Regulators are seeking to ax the deal because they say it will hurt competition. U.S. District Judge Jacqueline Scott Corley said in a ruling that the "FTC has not shown a likelihood it will prevail on its claim this particular vertical merger in this specific industry may substantially lessen competition. Microsoft appeared to have the upper hand in a 5-day San Francisco court hearing that ended late last month. The proceeding showcased testimony by Microsoft Chief Executive Officer Satya Nadella and longtime Activision Blizzard CEO Bobby Kotick, who both pledged to keep Activision's blockbuster game Call of Duty available to people who play it on consoles -- particularly Sony's PlayStation -- that compete with Microsoft's Xbox. Read More: Why Microsoft's Satya Nadella Doesn't Think Now Is the Time to Stop on AI "Our merger will benefit consumers and workers.