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

submitted 1 year ago* (last edited 1 year 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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[–] John_Coomsumer@beehaw.org 2 points 1 year 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