The UK CMA says it will not accept new remedies from Microsoft over Activision but would consider a restructured deal, which may require a fresh investigation
Britain's competition regulator said on Wednesday that a new restructured Microsoft-Activision deal could require a fresh merger investigation.
Reuters
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Discussion
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@ps_vortex
@ps_vortex
on x
I thought we acquired freedom from this acquisition discourse, guess not! Gonna take months at this rate🤦🏻♀ ️ Let MS have ABK & move on. Let's all go back to discussing games. https://www.reuters.com/...
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@charlieintel
@charlieintel
on x
NEW: UK CMA is saying Microsoft's proposed restructure of the Activision deal may lead to a new investigation. [image]
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@tomwarren
Tom Warren
on x
BREAKING: the CMA is now warning that Microsoft's Activision deal could “lead to a new merger investigation” if it's restructured. The CMA says discussions with Microsoft are still at an “early stage.” Details here: https://www.theverge.com/...
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@idlesloth84_
@idlesloth84_
on x
UK's CMA: restructured Microsoft-Activision deal could require new probe CMA said on Wed that it would not accept new remedies from MS/ABK after it blocked their merger, but it would consider a restructured deal, which could require a fresh investigation https://www.reuters.com/.…
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@fosspatents
Florian Mueller
on x
UK's CMA: restructured Microsoft-Activision deal could require new probe https://www.reuters.com/... The @CMAgovUK states procedural facts. I still believe the deal should go through now, just like the @FTC is free to keep pursuing its in-house adjudicative proceeding regardless.
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@epopppp.bsky.social
Beth Popp Berman
on bluesky
Shockingly, people who think that antitrust enforcement should remain weak also think the strategy of suing big tech companies is bad. https://www.nytimes.com/...
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@jameeljaffer
Jameel Jaffer
on x
This is a comically one-sided piece. The NYT would serve readers better by asking whether the cases are having a disciplining effect on market players (as the judge says) or whether they prove @linakhanFTC's point about need for regulatory reform. https://www.nytimes.com/...
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@david_darmofal
David Darmofal
on x
Senator Elizabeth Warren advocated for Lina Khan's nomination for the FTC, Khan's pursuing Warren's strategy there, and it's not working. https://www.nytimes.com/...
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@sarthakgh
Sar Haribhakti
on x
After FTC's string of disastrous & embarrassing losses and waste of taxpayer money, this turned out to be true Lina Khan would make a great hire for the EU antitrust agencies Turns out courts don't buy the “big tech is bad” fantasy theory https://twitter.com/...
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@jason_kint
Jason Kint
on x
Congrats to big tech's front groups for their misleading pile-on. Take the rest of the week off. [image]
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@matthewstoller
Matt Stoller
on x
Lina Khan is doing a terrible job. Just terrible. [image]
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@castrotech
Daniel Castro
on x
A law enforcement agency bringing frivolous lawsuits that it knows it won't win is nothing more than harassment. We don't approve of malicious prosecution of individual citizens, and we shouldn't allow it against businesses either. https://www.nytimes.com/...
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@lawprofblawg
@lawprofblawg
on x
“I completely disagree with this approach...She's trying to change a century's worth of antitrust law overnight, and that's not necessarily wise.” Half a century. And for some reason, people were fine changing it abruptly back then. Funny that. https://www.nytimes.com/...
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@andashleysays
Ashley Baker
on x
This is not at all unexpected. Also, yet another loss in court for Lina Khan's FTC. You can read Judge Corley's opinion here: https://storage.courtlistener.com/ ... https://twitter.com/...
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@adamkovac
Adam Kovacevich
on x
Another predictable loss for Khan's FTC. MSFT offered concessions to Khan that most prior FTCs would have taken in a heartbeat. Instead of securing pro-competitive conditions, Khan gets an outright loss. https://twitter.com/...
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@andashleysays
Ashley Baker
on x
I spoke to @nytimes about the @FTC's loss today in Microsoft-Activision: “Others wondered if Ms. Khan was wasting the FTC's resources on can't-win cases. 'They've crossed the line to being reckless with the cases they are bringing,' said Ashley Baker...” https://www.nytimes.com/.…
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@adamkovac
Adam Kovacevich
on x
I spoke with @ceciliakang about Lina Khan's losing record in antitrust cases: “All these court losses are making their threats look more like a paper tiger.” https://www.nytimes.com/...
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@helaineolen
Helaine Olen
on x
The NYT parrots business interest doubts about Lina Khan at the FTC. It's stuff like this that lead to Democratic chicken politics. Something you swing and miss. It's ok. People like to see you fighting on their behalf. https://www.nytimes.com/...
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@eric_seufert
Eric Seufert
on x
Judge Jacqueline Scott Corley: Let me get this straight. You took all the credibility the FTC had accumulated over more than 100 years and bet it against the consumer welfare standard? Lina Khan: I thought Neo-Brandeisianism was due! https://www.youtube.com/...
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@nathanjrobinson
Nathan J Robinson
on x
The NYT runs a straight propaganda piece on behalf of corporate America, saying that Questions Are Being Raised about Lina Khan's antitrust strategy. Turns out they're being raised by right wing think tanks and tech industry groups. [image]
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@bearforce_won
@bearforce_won
on x
If Lina Khan's FTC continues to be this willing to take massive L's to test novel or non-existent legal theories in open court, they will ironically end up damaging both their cause and the legitimacy of their institution. Thereby causing more harm to consumers over the long term
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@danprimack
Dan Primack
on x
Lina Khan is becoming the Oakland A's of antitrust.
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@mualphaxi
Maxwell Meyer
on x
Lina Khan is a multiple-time loser. Even her supporters must be getting exhausted. The woman spent years obsessing about Amazon and her best case is “they made me sign up for Prime” Antitrust fans should have picked someone sharper. But they loved her ideology [image]
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Gameranx
Ryan Parreno
on x
FTC Might Still Appeal Their Injunction Case Vs Microsoft Activision Deal
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@goldman
Jason Goldman
on threads
Also revealed in PGA-LIV merger docs that Activision was the Saudi Public Investment Fund's #2 position at 9.1% of the portfolio (3.2B)
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Gameranx
Ryan Parreno
on x
This Is Why Judge Corley Decided For Microsoft & Against The FTC
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Vox
Sara Morrison
on x
The FTC's case against Microsoft's Activision acquisition is not going well
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@bradsmi
Brad Smith
on x
Our statement on today's decision: https://twitter.com/... [image]
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@xboxp3
Phil Spencer
on x
1/We're grateful to the court for swiftly deciding in our favor. The evidence showed the Activision Blizzard deal is good for the industry and the FTC's claims about console switching, multi-game subscription services, and cloud don't reflect the realities of the gaming market.
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@xboxp3
Phil Spencer
on x
2/Since we first announced this deal, our commitment to bringing more games to more people on more devices has only grown. We've signed multiple agreements to make Activision Blizzard's games, Xbox first party games and Game Pass all available to more players than they are today.
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@lulumeservey
Lulu Cheng Meservey
on x
The legal system worked: A fair and neutral court has reached the correct conclusion about Activision Blizzard's merger with Microsoft based on facts and the law. The judge's ruling rejects the FTC's ideologically-driven attempt to prevent a deal that benefits gamers and allows..…
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@fosspatents
Florian Mueller
on x
Here's the document. 53 pages. Public redacted version. So contrary to what she said at the hearing, she made a public version available immediately, which is great! I'm studying it now and will share observations in this developing thread. https://www.documentcloud.org/ ... 🧵3/X
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@tomwarren
Tom Warren
on x
BREAKING: Microsoft has won its FTC fight to buy Activision Blizzard. Judge Corley has denied the FTC's preliminary injunction request. Details here: https://www.theverge.com/...
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@tomwarren
Tom Warren
on x
“Microsoft and the CMA have agreed on a small divestiture to address the regulator's concerns, CNBC's David Faber reported.” Any such divestiture will be related to cloud gaming in the UK, so it'll be interesting to see what has been agreed here 🤔 https://www.cnbc.com/...
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@fosspatents
Florian Mueller
on x
WE HAVE THE DECISION! FTC LOST! Microsoft-ABK can close! “. After considering the parties' voluminous pre-and-post hearing writing submissions, and having held a five-day evidentiary hearing, the Court DENIES the motion for preliminary injunction. The FTC has not shown” 🧵1/X
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@jeffnolan
Jeff Nolan
on x
Lina Khan's winless streak continues. https://twitter.com/...
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@tomwarren
Tom Warren
on x
here's Judge Corley saying the “FTC's heavy reliance on [Jim] Ryan's testimony is unpersuasive” and that Microsoft's Call of Duty deals for Nintendo Switch and cloud are “perhaps bad for Sony. But good for Call of Duty gamers and future gamers.” [image]
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@genepark
Gene Park
on x
the political ramifications of the Xbox Activision court win. important to note that a Biden appointed judge ruled against the Biden appointed FTC. https://www.washingtonpost.com/ ... [image]
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@lons
Lon Harris
on x
The idea that Xbox owner Microsoft also owning the largest video game publisher in N. America doesn't present any kind of threat to fair and open competition is laughable. https://twitter.com/...
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@tomwarren
Tom Warren
on x
so what happens next with Microsoft's proposed Activision Blizzard deal? The FTC has to make a decision whether to appeal by Friday night. If it walks away (as it normally does) then Microsoft is free to close once the CMA negotiation is compete. Otherwise it's up to the 9th... h…
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@matthewstoller
Matt Stoller
on x
Re: Microsoft-Activision, when a Biden judge - whose son works at Microsoft - lets the biggest tech merger of all time go through, we have a serious problem with the judiciary. There was massive amounts of evidence that Microsoft's goal is monopolization.
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@hoeglaw
Richard Hoeg
on x
Judge on Microsoft x Activision (and Sony). [image]
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@fosspatents
Florian Mueller
on x
A fair and neutral court — not only that, it even was the FTC's preference! Microsoft even offered the FTC a “goodie” for litigating this in the District of Columbia because of existing vertical-merger caselaw. And now things are on the right track in the UK as well. Amazing. htt…
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@zck
Zak Kukoff
on x
Plain and simple : If you need : - Anti-trust that protects consumers - A pro-growth economy - to not blame everything on monopolies Lina Khan is not the right FTC chair for you . If these things bring you to a place of happiness I support it. These are my boundaries https://twit…
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@macton93
Michael Acton
on x
#Microsoft #Activision - per the order, the FTC has until midnight Jul. 14 to get appeals court to issue a stay on today's order. I expect the FTC will give it a shot. Question is what grounds it will appeal on.
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@kellen_browning
Kellen Browning
on x
Activision stock up 11 percent today after the judge's decision, laying the groundwork for it to close with Microsoft. [image]
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@gerberkawasaki
Ross Gerber
on x
Super stoked. The stupid FTC loses their bid to block the Microsoft Activision deal. Call of Duty fans are saved from Bobby and a strong decision by the Courts! $ATVI $MSFT
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@fosspatents
Florian Mueller
on x
Microsoft and Activision don't need a PI decision in a strict sense. The FTC does. All that the 2 companies need is for the TRO to go away without being replaced with a PI. I've explained why the TRO itself can't realistically kill the deal. It only has a few days left either way
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@econliberties
@econliberties
on x
Today a judge in California declined @FTC's request to halt the Microsoft-Activision deal until they could review it later this year. That's disappointing, but the Commission can and should still challenge it in administrative court. Here's why.👇🧵 https://www.economicliberties.us…
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@benbajarin
Ben Bajarin
on x
Can Microsoft save COD. That is the question for me. Also selfishly, lol. https://twitter.com/...
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@eriqgardner
@eriqgardner
on x
Going to be an interesting appeal, but Microsoft gets a big victory against the FTC's push against the vertical acquisition of Activision [image]
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@mr_rebs_
@mr_rebs_
on x
FTC has lost and Microsoft can acquire Activision Blizzard! “...the Court DENIES the motion for preliminary injunction. The FTC has not shown it is likely to succeed on its assertion the combined firm will probably pull Call of Duty from Sony PlayStation, or that its ownership of…
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@jaredmellott
Jared Mellott
on x
Biden/Khan FTC has just lost its court case against Microsoft acquisition of Activision Blizzard. #FTC's case was always a stretch and reflected Biden FTC's anti-capitalist mindset contrary to law. $MSFT #merger https://twitter.com/...
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@charlieintel
@charlieintel
on x
BREAKING: Microsoft wins. Federal Judge has DENIED the FTC's preliminary injunction, allowing Microsoft to acquire Activision Blizzard in the US. This still leaves the UK CMA block to get through to close the deal worldwide. [image]
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@cecianasta
Cecilia D'Anastasio
on x
From the decision: Judge is skeptical that Microsoft will pull Call of Duty from PlayStation or lessen competition should the Activision Blizzard acquisition finalize [image]
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@dinabass
Dina Bass
on x
With Microsoft prevailing over the FTC in a US court and Judge Corley refusing to issue a preliminary injunction to block the Activision deal, all eyes will now turn across the pond to the UK's CMA.
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@austinnotduncan
Austin Evans
on x
Also big news. Seems very likely Microsoft + Activision is going to happen at this point. https://twitter.com/...
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r/XboxSeriesX
r
on reddit
CNBC: Microsoft and the CMA have agreed on a small divestiture to address the regulator's concerns
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r/classicwow
r
on reddit
Microsoft wins FTC case to buy ActiBlizzard - Not directly related to WoW, but we've seen the effects of mergers in the past. …
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r/XboxSeriesS
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/LastStandMedia
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/Argaming
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/Destiny
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/GearsOfWar
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard - will this play in to the “4 first party games a year” (link in comments)
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r/Diablo
r
on reddit
Does this mean Diablo is now owned by Microsoft?
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r/technews
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/giantbomb
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/news
r
on reddit
Judge rejects FTC's attempt to block Microsoft's $69 billion Activision deal
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r/entertainment
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/gamingnews
r
on reddit
FTC has been denied their preliminary injunction. Judge Corley rules in favor of Microsoft
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r/neoliberal
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/XboxGamePass
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/GeForceNOW
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/playstation
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/Overwatch
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/wow
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/xcloud
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/kindafunny
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on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/TwoBestFriendsPlay
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on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/gaming
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/pcgaming
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/xboxone
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard
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r/IndianGaming
r
on reddit
Microsoft wins FTC fight to buy Activision Blizzard