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| Ryuu96 said: Lina Khan’s FTC Sued Microsoft Over Activision Deal to Head Off EU Settlement - Bloomberg So it's basically as some of us were saying. During a call between them both, the EC indicated to the FTC that they intended to begin talks with Microsoft about remedies, sounding like the EC was going to approve the deal with remedies. This sent the FTC into action and caused them to rush a block against Microsoft to discourage the EC from accepting a settlement with Microsoft. So as we thought, the FTC is entirely banking on the EC or CMA blocking the deal. Wonder if it may backfire though, in an effort to discourage EC from talking remedies with Microsoft, they rushed a block and looked incredibly sloppy, everyone is saying how bad their case is and the EC has to be taking notice of this. If FTC wanted to discourage others to block, they should have at least had a halfway competent block reason. Really hope it does anyway, if I'm a regulator and I'm making a decision based on my own research into my market to approve something, it's incredibly arrogant for the FTC to throw their weight around like this and try to pressure me into going in a different direction than one I've made with my own research just because FTC says I should with no facts of their own, I'd tell them to bugger off, I'm not following them just because they're FTC. |
Update with Idas Thoughts on the Matter.
Little funny that for all the accusations against other countries of being corrupt, it turns out that the FTC is actually closer to that than them, now I'm not saying that this is corruption but it's very unprofessional and arrogant of them, attempting to coerce and pressure other regulators into going against their own decisions just because FTC says so, it's an overreach of their perceived power.
Makes EC publicly rebutting FTC's comments about "Microsoft lying to EC" even more interesting now...Makes you wonder, who leaked this to Bloomberg? It definitely wasn't FTC...So it was either Microsoft or EC...If it was EC then that isn't good news for FTC...If it's EC then it's like a warning to FTC that EC isn't going along with their shit.
Not sure CMA/EC will be thrilled about someone attempting to pressure them in a certain direction, this could be a major backfire on FTC...I'm fairly sure that Europe won't have America telling them what to do but CMA is another matter still, do they side with EU or America, UK is America's little lapdog after all...Though I wonder if America blocking the book merger that UK approved will be on their mind.
