The US Federal Trade Commission (FTC) has voted to investigate the looming $68.7 billion acquisition of Activision Blizzard King by Microsoft. The current government has an axe to grind with the tech sector, but the facts of the matter here appear weak – and it looks like significant political capital is about to be expended on a deal that does not look too bad on paper, in one of the most competitive media markets. These could, of course, be famous last words. The FTC announcement says that the deal “would enable Microsoft to suppress competitors on its Xbox gaming consoles, and its rapidly growing subscription content and cloud-gaming business.” The FTC voted three to one, in favor of the filing.…