Judge allows Microsoft to proceed with record $69B acquisition of Activision Blizzard

  • 📰 KPIXtv
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

A federal judge in the Bay Area has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.

U.S. District Judge Jacqueline Scott Corley said in a ruling that the Federal Trade Commission, which enforces antitrust laws, has not shown a likelihood it would prevail if it took the case to trial.

"Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry," Kotick said in a written statement after Tuesday's ruling. The case was an important test for the FTC's heightened scrutiny of the technology industry under Chairperson Lina Khan, who was installed by President Joe Biden in 2021 because of her tough stance on what she sees as monopolistic behavior by tech giants such as Amazon, Google and Facebook parent Meta.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 443. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Microsoft can move ahead with record $69 billion acquisition of Activision Blizzard, judge rulesA federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard.
Fonte: AP - 🏆 728. / 51 Consulte Mais informação »

Microsoft’s planned Activision Blizzard merger temporarily blocked by U.S. judgeMicrosoft’s planned $69 billion purchase of video game company Activision Blizzard was blocked by a federal judge Tuesday, giving more time for an antitrust review of the deal.
Fonte: WashTimes - 🏆 235. / 63 Consulte Mais informação »

Microsoft Can Close $69 Billion Activision Blizzard Merger, Judge RulesThe Federal Trade Commission sought to stop the massive merger, arguing it would stifle competition—but a judge sided with Microsoft and Activision Blizzard.
Fonte: Forbes - 🏆 394. / 53 Consulte Mais informação »