A verdict was reached today in the trial between Microsoft and the FTC, with the judge ruling that Microsoft is allowed to acquire Activision-Blizzard.
Following the announcement, shares of Activision-Blizzard soared as a result of the news, with shares currently sitting at roughly $92 per share. Of course, this is not the first time Activision-Blizzard's stocks went up in regards to this proposed acquisition, as the company saw a similar rise in its stock price over a year ago when Microsoft announced its plans to acquire the company for $68.7 billion.
With Microsoft overcoming the obstacle from FTC, the agency can still appeal its decision. While an appeal is still up in the air, the other vocal regulator opposing the deal, the UK's Competition Markets Authority (CMA), announced today that it was pausing its legal feud with Microsoft to negotiate over the proposed acquisition. The CMA blocked the deal earlier this year, but Microsoft planned to appeal the decision, with the hearing set to commence at the end of the month.
Aside from Activision-Blizzard's stock price, the internet also reacted to Microsoft winning its trial against the FTC, from Microsoft executives reacting to the verdict to Xbox fans rejoicing and people making memes.
Of course if you are unfamiliar with the trial itself, you can check out our recap of the five-day trial.
Taylor is a Reporter at IGN. You can follow her on Twitter @TayNixster.
