FTC loses again, Microsoft is now clear to close the Activision-Xbox deal in the US (www.windowscentral.com)

submitted 11 months ago* (last edited 11 months ago) by nihilx7E3@beehaw.org to c/technology@beehaw.org

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tl;dr from the article:

What you need to know

The FTC is trying to stop Microsoft's acquisition of Activision Blizzard for almost $69 billion.

After having a preliminary injunction denied, the FTC appealed the decision to the United States Ninth Circuit Court of Appeals, appealing the decision and seeking injunctive relief.

The injunctive relief, which would've extended the existing temporary restraining order, has been denied.

Microsoft can legally acquire Activision Blizzard in the U.S. very shortly.

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[-] fades@beehaw.org 9 points 11 months ago

In America only corpos matter, laws are for the poors

[-] abhibeckert@beehaw.org 4 points 11 months ago* (last edited 11 months ago)

Other countries around the world already approved this deal a long time ago.

The US has shown the most resistance.

[-] KilgoreTrout@beehaw.org 6 points 11 months ago

It’s still blocked in the UK.

[-] SweetBilliam@midwest.social 2 points 11 months ago

Well, the UK wants to negotiate more. The legal action has been paused.

[-] John_Coomsumer@beehaw.org 1 points 11 months ago

The laws are the problem here, the FTC's legal case and legal argument was dogshit. The moral one isnt, but that solution lies with congress and they are gridlocked on actual anti competitive laws by corpo-suckers that are only 75% republican