10 December 2022

Thank You Lina Khan

As I have mentioned before,  the stridently anti-monopoly head of the Federal Trade Commission has been aggressive in pursuing her agenda.

Now, the FTC has filed suite to block Microsoft's acquisition of Activision.

The Federal Trade Commission, in one of the most aggressive actions taken by federal regulators in decades to check the power of the tech industry’s giants, on Thursday sued to block Microsoft’s $69 billion acquisition of the video game maker Activision Blizzard.

The F.T.C. said that the deal would harm consumers because Microsoft could use Activision’s blockbuster games like Call of Duty to lure gamers from rivals. The agency’s commissioners voted 3to 1 to approve filing the suit.

The decision is a blow to the expansion of Microsoft’s video game business, which has become its most important consumer unit and topped $16 billion in annual sales during the most recent fiscal year. For the F.T.C. chair, Lina Khan, a legal scholar who rocketed to fame after she wrote an article criticizing Amazon, the lawsuit will test whether her aggressive plan to rein in the power of Big Tech can survive in the courts.

The question is whether or not courts will continue to follow the intellectually bankrupt and deeply corrupt position first promulgated by Robert Bork, which is that the only thing to consider is immediate price impact on consumers.

It is clear that Microsoft you use the acquisition as an anti-competitive weapon, so the merger should be terminated with extreme prejudice.

0 comments :

Post a Comment