Microsoft’s record $69 billion acquisition of Activision Blizzard approved - Terrace Standard

U.S. District Judge Jacqueline Scott Corley said in a ruling that the merger deserved scrutiny, noting it could be the largest in the history of the tech industry. But federal regulators were unable to show how it would cause serious harm and wouldn’t likely prevail if they took it to a full trial, she wrote.

“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 decision is a setback for the FTC’s heightened scrutiny of the technology industry under Chairperson Lina Khan, who was

Corley, herself a Biden nominee, expressed skepticism about the FTC’s case during the proceedings, particularly about the hypothetical harms caused if Microsoft were to remove Call of Duty from rival platforms or offer a subpar experience on competing consoles.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Microsoft can move ahead with record US$69 billion acquisition of Activision Blizzard, judge rules - BNN BloombergA U.S. federal judge has handed Microsoft a major victory by declining to block its looming US$69 billion takeover of video game company Activision Blizzard.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

Activision options bet pays 246% in an hour after Microsoft merger clearedTrader makes well\u002Dtimed bet that Microsoft Corp.’s bid to acquire Activision Blizzard would get the OK to move forward. Read on
Источник: financialpost - 🏆 7. / 85 Прочитайте больше »

Activision options bet pays 246% in an hour after Microsoft merger clearedTrader makes well\u002Dtimed bet that Microsoft Corp.’s bid to acquire Activision Blizzard would get the OK to move forward. Read on
Источник: fpinvesting - 🏆 43. / 63 Прочитайте больше »