New Progress in Microsoft's acquisition of Blizzard: FTC has withdrawn its internal review work

CTOnews.com, July 21 (Xinhua)-- the Federal Trade Commission (FTC) has suspended its internal review process, meaning it is expected to settle with Microsoft and negotiate the acquisition of Activision Blizzard, according to Bloomberg.

This new development is undoubtedly a major victory for Microsoft, with a high probability of completing the acquisition of Activision Blizzard. CTOnews.com quoted the latest news released by the media, FTC did withdraw the internal trial, but because after FTC lost in court, Microsoft asked the agency to withdraw, which is a procedural measure.

Microsoft and Activision could seek to persuade FTC commissioners to accept the settlement or abandon their opposition to the deal altogether. However, FTC is still appealing against a previous court decision in favor of the merger of the two companies.