A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft's $69 billion purchase of “Call of Duty” maker Activision Blizzard.

The deal went through in 2023 after a court denied the FTC's request for an injunction. An appeals court today upheld that denial.

While many governing bodies around the world approved of the deal, the USA's Federal Trade Commission was one of the few to stand against it — in fact, it's still fighting its corner. Essentially, the FTC has been fighting the acquisition since it was first mooted, arguing that it would be harmful to industry competition.