>The Federal Trade Commission (FTC) has officially dropped its case against Microsoft’s acquisition of Activision Blizzard. The FTC filed an order to dismiss its complaint on Thursday, just days after it lost an appeal for a preliminary injunction to prevent Microsoft from finalizing its acquisition.
>“The Commission has determined that the public interest is best served by dismissing the administrative litigation in this case,“ says the FTC in its filing. The filing brings an end to the FTC’s fight to try and block Microsoft’s $68.7 billion deal, nearly two years after it originally sought a temporary restraining order and injunction from a US federal district court.
>Microsoft won its FTC fight to buy Activision Blizzard in July 2023, and the deal was completed several months later, in October, nearly two years after the acquisition was first announced. The FTC had appealed the ruling nearly two years ago, but an appeals court panel affirmed the denial of an injunction earlier this month.
>“Today’s decision is a victory for players across the country and for common sense in Washington, DC,” says Microsoft vice chair and president Brad Smith. “We are grateful to the FTC for today’s announcement.”
BenHDR
What argument did the FTC really have left after Xbox went multi-platform?
rancidelephant
That’s too bad. Consolidation of these big companies never goes well long term. It will mean higher prices and worse quality.
PrimmSlim-Official
Check cleared
FreddyForshadowing
nVidia paid $1m to get some AI chips off the tariff list… How much do you suppose MS paid?
brotherkin
I wonder how much Trump Coin their CEOs have purchased recently 🤔
Most_Caregiver3985
Horrible for the industry
xerooox-
Guess the FTC just really wanted to see Call of Duty on PlayStation forever. Mission accomplished, I guess?
ekim_101
This was still happening? Lol.
Stymie999
Case that should never have been brought in the first place, but, well…. Politics
ZigyDusty
Good the FTC’s entire argument against it boiled down to it would hurt Sony/PS, so much so that both the judge and politicians had to remind the FTC it’s their job to protect consumers not other corporations, there was some shady collusion with the FTC and Sony going on.
OverlookSemblant
Hopefully Lina Khan will now lose her job.
Terrible at her job, wasting way too much money.
GreatnessToTheMoon
And to think all the Sony pony’s were worried that Microsoft would make their games exclusive despite no evidence they would
FaroTech400K
Still don’t get why people are pro consolidation in this sub.
16 Comments
How much did Microsoft pay Trump for this?
>The Federal Trade Commission (FTC) has officially dropped its case against Microsoft’s acquisition of Activision Blizzard. The FTC filed an order to dismiss its complaint on Thursday, just days after it lost an appeal for a preliminary injunction to prevent Microsoft from finalizing its acquisition.
>“The Commission has determined that the public interest is best served by dismissing the administrative litigation in this case,“ says the FTC in its filing. The filing brings an end to the FTC’s fight to try and block Microsoft’s $68.7 billion deal, nearly two years after it originally sought a temporary restraining order and injunction from a US federal district court.
>Microsoft won its FTC fight to buy Activision Blizzard in July 2023, and the deal was completed several months later, in October, nearly two years after the acquisition was first announced. The FTC had appealed the ruling nearly two years ago, but an appeals court panel affirmed the denial of an injunction earlier this month.
>“Today’s decision is a victory for players across the country and for common sense in Washington, DC,” says Microsoft vice chair and president Brad Smith. “We are grateful to the FTC for today’s announcement.”
What argument did the FTC really have left after Xbox went multi-platform?
That’s too bad. Consolidation of these big companies never goes well long term. It will mean higher prices and worse quality.
Check cleared
nVidia paid $1m to get some AI chips off the tariff list… How much do you suppose MS paid?
I wonder how much Trump Coin their CEOs have purchased recently 🤔
Horrible for the industry
Guess the FTC just really wanted to see Call of Duty on PlayStation forever. Mission accomplished, I guess?
This was still happening? Lol.
Case that should never have been brought in the first place, but, well…. Politics
Good the FTC’s entire argument against it boiled down to it would hurt Sony/PS, so much so that both the judge and politicians had to remind the FTC it’s their job to protect consumers not other corporations, there was some shady collusion with the FTC and Sony going on.
Hopefully Lina Khan will now lose her job.
Terrible at her job, wasting way too much money.
And to think all the Sony pony’s were worried that Microsoft would make their games exclusive despite no evidence they would
Still don’t get why people are pro consolidation in this sub.
What a colossal waste of resources. 👏👏