- Microsoft wins court approval to proceed with its $69 billion deal to buy Activision Blizzard.
- The US Federal Trade Commission's effort to block the deal is defeated.
- Microsoft aims to expand its presence in mobile gaming through the acquisition.
- Activision owns King, the maker of Candy Crush.
- The merger will make Microsoft the third-largest global video-game company.
Microsoft Wins US Court Nod to Buy Activision in FTC Loss
Microsoft wins court approval to acquire Activision Blizzard in a $69 billion deal, expanding its presence in mobile gaming and becoming the third-largest video-game company.