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Microsoft wins FTC fight to buy Activision Blizzard (darkfriend.social)

submitted 1 year ago by [email protected] to c/[email protected]

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Microsoft wins FTC fight to buy Activision Blizzard

https://www.theverge.com/2023/7/11/23779039/microsoft-activision-blizzard-ftc-trial-win

From the article, quoting Judge Corley:

... the Court finds the FTC has not shown a likelihood it will prevail on its claim this particular vertical merger in this specific industry may substantially lessen competition. To the contrary, the record evidence points to more consumer access to Call of Duty and other Activision content. The motion for a preliminary injunction is therefore DENIED.

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[–] [email protected] 7 points 1 year ago* (last edited 1 year ago) (8 children)

This is just the fight for the preliminary injunction. The FTC can still use antitrust proceedings to prevent/unwind the merger.

[–] [email protected] 4 points 1 year ago (5 children)

We often forget that big companies have been broken up before.

[–] [email protected] 6 points 1 year ago (4 children)

When was the last time that happened? It's not really a thing anymore in our current environment.

[–] [email protected] 4 points 1 year ago

I'm pretty sure there's like 3 companies that own around 80% of the US grocery market. There's a reason why avian flu drove the price of eggs up everywhere and its because one company owns the majority of egg production.

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