• Stovetop@lemmy.world
    link
    fedilink
    English
    arrow-up
    13
    ·
    1 year ago

    This appeal is not likely to change the outcome, but I think this is part of the FTC’s strategy, to signal to other companies that any high-profile mergers will be met by a long and protracted legal battle, with all of the costs and consequences that come with it, regardless of outcome.

    • Adori@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      ·
      1 year ago

      So only the biggest and richest of companies will continue to get bigger but any smaller ones to a point wont be able to do so? Thats rough.

  • style99@kbin.social
    link
    fedilink
    arrow-up
    8
    ·
    1 year ago

    The appeal will attempt to win a preliminary injunction blocking the Activision Blizzard merger with Xbox ahead of a scheduled trial in August. The deal is currently scheduled to be completed on July 18.

    If the deal is not completed by that date, Xbox will be forced to pay $3 billion to Activision Blizzzard and the merger will potentially be opened to renegotiation.

    It should be interesting to see how far they let Monopolysoft go in this situation.

  • nostalgicgamerz@lemmy.world
    link
    fedilink
    English
    arrow-up
    3
    ·
    1 year ago

    Are they really going to appeal this all the way up to the corporate friendly SCOTUS?

    If the appeal fails, they need to give up