The FTC's request for a preliminary injunction against Microsoft's proposed acquisition of Activision Blizzard has been denied, meaning that the deal can now be closed—even though the FTC's larger case against the deal is still moving forward.
"Our merger will benefit consumers and workers," Activision Blizzard CEO Bobby Kotick said in a statement released immediately following the ruling. "It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry."
