Judge rejects FTC block of Microsoft’s acquisition of Activision Blizzard

U.S. District Court Judge Jacqueline Scott Corley for the Northern District of California, a Biden appointee, said the FTC failed to show it was likely to prove that the merger would harm consumers and reduce competition. She denied the agency’s request for an injunction that would have postponed the deal’s completion and given the FTC more time to challenge it.

The case was an important test for the FTC’s heightened scrutiny of the technology industry under Chairperson Lina Khan, who was installed by Mr. 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. In the Microsoft trial, the Redmond, Wash., company appeared to have the upper hand in the five-day San Francisco court hearing that ended late last month. The trial showcased testimony by Microsoft Chief Executive Officer Satya Nadella and Activision Blizzard CEO Bobby Kotick, who both pledged to keep Activision’s blockbuster game Call of Duty available to people who play it on consoles — particularly Sony’s PlayStation — that compete with Microsoft’s Xbox.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Microsoft beats FTC in Activision Blizzard acquisition ruling | Digital TrendsMicrosoft has won its war with the FTC, paving the way for the company to close its troubled ActivisionBlizzard acquisition.
Fuente: DigitalTrends - 🏆 95. / 65 Leer más »

Microsoft Wins FTC Brawl Over $69B Activision Blizzard Deal as Merger Nears CloseThe Federal Trade Commission can still appeal the order denying a preliminary injunction and continue a case before its in-house judge in a trial set to start Aug. 2.
Fuente: THR - 🏆 411. / 53 Leer más »