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.

The Federal Trade Commission said it is suing to block Microsoft's planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft's Xbox game consoles and its growing games subscription business. The Federal Trade Commission said it is suing to block Microsoft's planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft's Xbox game consoles and its growing games subscription business. The Federal Trade Commission said Thursday it is suing to block Microsoft's planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to its Xbox game consoles and its growing games subscription business. The FTC voted 3-1 to issue the complaint after a closed-door meeting, with the three Democratic commissioners voting in favor and the sole Republican voting against. A fifth seat on the panel is vacant after another Republican left earlier this year.

The Federal Trade Commission has filed an antitrust lawsuit in a bid to block Microsoft's planned $68.7 billion takeover of Activision Blizzard. The FTC started looking into the deal and its potential impact on the video game market soon after it was announced in January. Evidently, the agency was concerned enough to pump the brakes on the buyout. The FTC said that, were the deal to go through, it "would enable Microsoft to suppress competitors to its Xbox gaming consoles and its rapidly growing subscription content and cloud-gaming business." The FTC's commissioners voted in favor of the lawsuit along party lines, with the three Democratic members approving it.

This is a visualization of global internet attacks, seen during the 4th China Internet Security Conference in Beijing. Microsoft's Bing search engine is no longer accessible in China, the company reports. This is a visualization of global internet attacks, seen during the 4th China Internet Security Conference in Beijing. Microsoft's Bing search engine is no longer accessible in China, the company reports. The Microsoft search engine, Bing, appears to have been blocked in China since Wednesday.