Compare with different regulatory event:
On 14 July 2023, the US Court of Appeals for the Ninth Circuit issued an order denying the Federal Trade Commission's (FTC) motion for injunctive relief to block Microsoft's acquisitions of Activision Blizzard. The FTC alleged that Microsoft had a history of buying rival consoles and gaming content to suppress competition. According to the FTC's argument, the proposed transaction is considered anti-competitive because Microsoft may choose to make certain games exclusive to their own Xbox game consoles or potentially degrade the experience of Activision games, including popular titles like Call of Duty, on competing platforms if the deal is finalised.
Original source