BREAKING NEWS: FTC loses case to block Microsoft Activision $69B deal
I/O Fund CEO and lead tech analyst Beth Kindig provides insight on stock performance and the development of AI on 'Making Money.'of Activision Blizzard, a California judged ruled on Tuesday.In her ruling, Judge Jacqueline Scott Corley said, "Microsoft’s acquisition of Activision has been described as the largest in tech history," and "it deserves scrutiny.
"The Court finds the FTC has not shown a likelihood it will prevail on its claim this particular vertical merger in this specific industry may substantially lessen competition, and "the motion for a preliminary injunction is therefore denied," Corley added. The FTC wanted to block the deal because the trade regulator believed Activision’s incorporation into Microsoft would hurt competition in the video game industry.
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