this post was submitted on 15 Jul 2023
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Technology

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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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[–] Dohnakun@lemmy.fmhy.ml 8 points 1 year ago* (last edited 1 year ago)

We just shouldn't allow any accquisition of any company above a billion net worth. It would solve so much.