"Microsoft and Activision Rally Support to Dismiss FTC Case Against $69 Billion Merger"

Microsoft and Activision Blizzard have urged the U.S. Federal Trade Commission (FTC) to drop its case against their $69 billion deal, which is currently being pursued in district court and before an FTC administrative law judge. The companies argue that withdrawal from adjudication is mandatory and in the public interest, as the district court already found the FTC's claims unlikely to succeed. The deadline for the deal's close has been extended by three months to October 18 as the companies work to secure British approval.