A federal judge on Tuesday allowed Microsoft to move forward with its $69 billion acquisition of video game maker Activision, in a resounding blow to U.S. regulators’ efforts to block consolidation in the tech industry.
in the deal after it brought an administrative lawsuit last year that alleged the acquisition was anticompetitive. Microsoft is the maker of popular gaming console Xbox, and the government is concerned that allowing it to acquire Activision and its highly popular game titles like “Call of Duty” would create unfair consolidation in the gaming industry.
The case was widely seen as a bellwether of Democrats’ ambitious plans to rein in Silicon Valley. FTC Chair Lina Khan and other Biden tech enforcers were widely expected toThis year, another Northern California judge allowed Meta to move forward with the acquisition of the virtual reality company Within. The FTC made similar arguments in its challenge to that deal, arguing that the acquisition could harm competition and innovation in virtual reality.
Her counterpart at the Justice Department, Jonathan Kanter, has promised to take a similar tack, launching a division focused on artificial intelligence that he calls “Project Gretzky” — a reference to hockey star Wayne Gretzky’s famous quote about skating where the puck is going to go.But these cases are riskier because they are more difficult to win in U.S. courts, where judges have held a fairly narrow interpretation of antitrust laws.
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