The merger had initially been announced in January 2022, in a decidedly different climate.

Microsoft was challenged on several fronts as it tries to shut the transaction.

The FTC also is moving forward with an administrative proceeding on the transaction.

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Microsoft, Call of DutySAUL LOEB/AFP via Getty Images

The FTC continues to believe this deal is a threat to competition.

In August, Microsoft said the Ubisoft would buy Activisions cloud gaming rights.

Ted Johnson contributed to this report.

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