Reported about 15 hours ago
The Federal Trade Commission (FTC) faced a setback in its attempt to block Microsoft's acquisition of Activision Blizzard, following a decision by a Ninth Circuit Court of Appeals panel. The court emphasized that the FTC must provide concrete evidence of a merger's potential harm to competition, which it failed to do in this case. This ruling challenges the broad antitrust measures being pursued by both the Trump and Biden administrations against major tech companies, as the FTC gears up to continue its fight against the merger despite the court's warning.
Source: YAHOO