MS closing over CMA and FTC
Your favorite upcoming Xbox RPG in 2025? | |||
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Total: | 12 |
rapsuperstar31 said:
USA judges are very biased, if they weren't there would be no reason to appeal things to the 5th circuit, have it fail there and have to appeal it to the supreme court. |
Maybe so but it's a Gaming lawsuit, I doubt many will care about dying on this hill, Lol.
We have both Democrat and Republican Senators who want the deal to go through as well and I've no doubt some are silently hoping it goes through as well such as Schumer who shortly after the deal was announced started asking Microsoft to invest in New York Tech & Gaming, Lol.
We've a Democrat appointed judge already dismissing a lot of the arguments which the FTC will use because the law is the law in this case, that will also set a precedence for other judges, Republican appointed judges will care even less.
Microsoft was planning on closing the deal if CMA approved which meant FTC would be forced to take Microsoft to federal court, that is how confident Microsoft was at beating the FTC in court, but of course that hasn't panned out now thanks to CMA.
FTC has no power, they're just an annoying distraction.
Last edited by Ryuu96 - on 06 June 2023Ryuu96 said:
Maybe so but it's a Gaming lawsuit, I doubt many will care about dying on this hill, Lol. We have both Democrat and Republican Senators who want the deal to go through as well and I've no doubt some are silently hoping it goes through as well such as Schumer who shortly after the deal was announced starting asking Microsoft to invest in New York Tech & Gaming, Lol. We've a Democrat appointed judge already dismissing a lot of the arguments which the FTC will use so that will also set a precedence, Republican appointed judges will care even less. Microsoft was planning on closing the deal if CMA approved which meant FTC would be forced to take Microsoft to federal court, that is how confident Microsoft was at beating the FTC in court, but of course that hasn't panned out now thanks to CMA. FTC has no power, they're just an annoying distraction. |
I wouldn't say the FTC has no power, they have actually flat out closed down some business in the last few years under Biden's appointed ftc chair Linda Kahn. Senators like Bernie Sanders and Elizabeth Warren tweeted they were happy with the ftc blocking the deal.
VersusEvil said: Deal is still dead. More dead than most of Rares older IP. |
Deal is more dead than getting a Japanese game exclusive to Xbox.
https://www.trueachievements.com/gamercards/SliferCynDelta.png%5B/IMG%5D">https://www.trueachievements.com/gamer/SliferCynDelta"><img src="https://www.trueachievements.com/gamercards/SliferCynDelta.png
NobleTeam360 said: MS closing over CMA and FTC |
See above.
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rapsuperstar31 said:
I wouldn't say the FTC has no power, they have actually flat out closed down some business in the last few years under Biden's appointed ftc chair Linda Kahn. Senators like Bernie Sanders and Elizabeth Warren tweeted they were happy with the ftc blocking the deal. |
In this specific case I would say that, but what I mean by that is the FTC literally doesn't have the power to block an acquisition, they don't technically "approve" deals either in a legal sense, all the FTC does is decide whether to take a company to court or not and it's the federal courts who decide whether to block a deal or not.
Unlike the CMA or EC who actually do have the power to block a deal and don't need the courts to do it for them.
All FTC does is delay things which is a headache, companies don't want the looming threat of a lawsuit hanging over their head, so they wait it out, but the FTC delays things by putting things through their internal courts first (which again, don't have the power to block a deal, they only make a suggestion whether FTC should go through with it) and by the time it actually reaches the federal courts, we're a year longer than the planned closure.
Which is why Microsoft was going to close over the FTC, make them actually back up their words, rather that dragging it out through the internal courts which have no power, they'd force FTC to actually take Microsoft to a federal court (which FTC doesn't want to do, because if they did think they could beat Microsoft in the federal courts, they would have done it already).
Bernie and Warren is eh, they'd praise FTC if they blocked Microsoft acquiring a $10m company, Lol.
To add on, there is absolutely nothing stopping the FTC from taking Microsoft to a federal court right now, and actually getting a block order from the courts. The reason why they don't is obvious, they don't think they can win, so they're doing this sham internal court first to allow others (CMA) who have far more power than the FTC does to do the work for them.
It's pure delay tactics and Microsoft can't do anything about it because companies don't have the power to take FTC to federal court during an acquisition inquiry (yet) so they have to wait for FTC's internal court to either say "go ahead and sue them!" or to say "nah this case is a lost cause, you crazy" which FTC has the power to ignore (and has ignored that advice in the past) and finally then proceed to the federal court.
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Ryuu96 said: To add on, there is absolutely nothing stopping the FTC from taking Microsoft to a federal court right now, and actually getting a block order from the courts. The reason why they don't is obvious, they don't think they can win, so they're doing this sham internal court first to allow others (CMA) who have far more power than the FTC does to do the work for them. It's pure delay tactics and Microsoft can't do anything about it because companies don't have the power to take FTC to federal court during an acquisition inquiry (yet) so they have to wait for FTC's internal court to either say "go ahead and sue them!" or to say "nah this case is a lost cause, you crazy" which FTC has the power to ignore (and has ignored that advice in the past) and finally then proceed to the federal court. |
Doesn't matter, MS closing over the FTC.
NobleTeam360 said:
Doesn't matter, MS closing over the FTC. |
Not unless they figure out how to deal with CMA