FTC aiming to block Microsoft's Activision Blizzard acquisition with injunction

fjtorres5591

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Actually, it turns out it all comes down to the FTC.
The CMA chief admitted they were in touch with the FTC 26 times during their "deliberations".
So first they paroted Sony's talking points and then shifted to trying to do Lina Kahn's dirty work for her.

Microsoft is finally getting their day in court that the FTC has been avoiding.
 
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GraniteStateColin

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Actually, it turns out it all comes down to the FTC.
The CMA chief admitted they were in touch with the FTC 26 times during their "deliberations".
So first they paroted Sony's talking points and then shifted to trying to do Lina Kahn's dirty work for her.

Microsoft is finally getting their day in court that the FTC has been avoiding.

Yeah, this is really despicable behavior by the FTC. This appears to be more about a power grab by Kahn than anything to do with her actual Congressional mandate. At best, she has argued that this COULD cause problems IF certain other things happen, which pre-suppose (without any evidence) that MS is lying about its plans. As I understand their legal authority, that is not a sufficient basis for blocking an acquisition.

A loss in court will weaken the FTC somewhat, but Kahn has already achieved her goal of making businesses come grovel at her feet for approval before trying to go about their missions of creating and returning value to shareholders.

You often hear that the government does not control the economy, which is largely true, but it can screw things up. Pouring cash into an economy without liquidity constraints and/or raising minimum wages is one way by driving inflation. Another is over-regulating and interfering in legitimate business activities to hinder growth, which is what we have here. Both of these hurt nearly everyone, especially those who live paycheck to paycheck.

Kahn!!!!
 

fjtorres5591

Active member
May 16, 2023
270
65
28
Visit site
Yeah, this is really despicable behavior by the FTC. This appears to be more about a power grab by Kahn than anything to do with her actual Congressional mandate. At best, she has argued that this COULD cause problems IF certain other things happen, which pre-suppose (without any evidence) that MS is lying about its plans. As I understand their legal authority, that is not a sufficient basis for blocking an acquisition.

A loss in court will weaken the FTC somewhat, but Kahn has already achieved her goal of making businesses come grovel at her feet for approval before trying to go about their missions of creating and returning value to shareholders.

You often hear that the government does not control the economy, which is largely true, but it can screw things up. Pouring cash into an economy without liquidity constraints and/or raising minimum wages is one way by driving inflation. Another is over-regulating and interfering in legitimate business activities to hinder growth, which is what we have here. Both of these hurt nearly everyone, especially those who live paycheck to paycheck.

Kahn!!!!
It has everything with her political ambitions.

Just sit back and watch her lose in court, resign, and announce her campaign for Congress. Probably by deriding the laws that allow big companies to remain healthy and grow productively instead of ossifying and withering over time.
In her world big companies are bad by definition.

The only question is how far ACTIVISION and MS have to appeal to get justice.

As to the role of government, all administrations dish out favors to the friends of the party but only one party actively works to destroy the companies their masters dislike. Look up the assassination of NASA's CONSTELLATION lunar program in order to destroy Thiokol, who ended up selling their world-class solid rocket business to the French, who promptly buried it. Or look at the FAA stalling SpaceX to help Boeing and ULA at the behest of their union lobbyists.

Government disruption of the economy takes many forms, some worse than others, none good.
 
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