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The Latest Breaking News from FTC

The FTC Has No Business Trying To Stop Video Game Company Mergers

It’s one of the most competitive industries in the world, and there’s no good reason to stop Microsoft from acquiring Activision Blizzard.

Reason

Why is the FTC suing to stop Microsoft’s Activision Blizzard deal? Because it doesn’t trust the tech giant

Federal regulators are skeptical that the Xbox parent will make good on pledges to keep games available on PlayStation.

Fortune

It's Far Past Time To Decriminalize Fentanyl Test Strips

Plus: Lawmakers "demanding action" against slurs on Twitter, FTC sues to stop Microsoft from buying Activision Blizzard, and more...

Reason

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read the most diverse news in one place.

Microsoft is back on the antitrust hot seat

The FTC's suit says the Activision deal would give Microsoft an incentive to limit competition.

Axios

FTC votes to file suit to block Microsoft’s $69 Billion Activision deal

The U.S. Federal Trade Commission is seeking to block Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc., saying the tie-up between the Xbox maker and popular gaming publisher would harm competition.

Tribune News Service

US agency moves to block landmark merger of Microsoft and Activision Blizzard

Regulators voted 3-1 to stop the biggest acquisition in video game history, citing concerns over thwarting of competition

The Guardian - US

Activision Stock Slides As FTC Moves to Block $69 Billion Microsoft Takeover

"We seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition," the FTC said.

The Street

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FTC sues to block the $69 billion Microsoft-Activision Blizzard merger

The Federal Trade Commission said Microsoft's planned takeover of the video game company could suppress competitors to Microsoft's Xbox game consoles and its growing games subscription business.

WEKU

The FTC sues to block Microsoft’s Activision Blizzard acquisition

The FTC will try and block Microsoft from buying Activision Blizzard, citing concerns over negative effects on competition and innovation

USA Today Sports Media Group

Mark Zuckerberg's Metaverse Plans Run Into a Big Roadblock

The FTC is throwing a monkey wrench into Meta Platforms' attempt to make a key acquisition.

The Street

FTC challenges Meta acquisition of VR company in court

Federal regulators open their campaign to block Facebook parent Meta’s acquisition of virtual-reality company Within Unlimited and its fitness app Supernatural, with opening arguments beginning Thursday in San Jose, California

The Independent UK

Why I hung up on the person who said he kidnapped my child

LOS ANGELES — I was driving home on the 110 Freeway when the music on the radio was interrupted by a phone call. The number displayed on my dashboard was (111) 111-1111 — an obvious fake. I should have let it go straight to voicemail, but for some reason I…

Los Angeles Times

Microsoft keeps pulling the right political strings. Is it enough to get the Activision Blizzard deal over the finish line?

The tech giant is making shrewd moves, but regulators remain wary of its $68.7 billion purchase of the video game developer.

Fortune

What to know about title loans

Title loans charge exorbitant fees and allow the lender to repossess the car if you don’t repay the loan.

Fortune

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Tribune News Service

Crypto pressure ratchets up as FTC probes several firms over ads

The US Federal Trade Commission is probing several crypto firms over allegations their advertisements were deceptive or misleading, the agency said Monday.

Tribune News Service

Microsoft is ready to fight for its $69 billion Activision deal

Microsoft Corp. is ready to fight for its $69 billion acquisition of gaming company Activision Blizzard Inc. if the US Federal Trade Commission files a lawsuit seeking to block the deal, according to a person familiar with the matter.

Chicago Tribune

Months after release from federal prison, TV pitchman Kevin Trudeau could face jail again

CHICAGO — TV pitchman Kevin Trudeau was warned years ago by a federal judge that a 10-year prison sentence for contempt wasn’t going to magically erase the whopping $37.6 million civil penalty he still owes for lying about his controversial weight-loss book.

Salon

Kroger employees still aren't being paid

Since Labor Day, Kroger has blamed a "glitch" in its new payroll system for incomplete and late paychecks

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news in one place.

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Los Angeles Times

Will the government crack down on bots after Ticketmaster’s Taylor Swift meltdown?

After Ticketmaster fumbled its sales of Taylor Swift’s Eras stadium tour tickets earlier this month, the company blamed “bot attacks” and fans for the meltdown.

USA Today Sports Media Group

Microsoft will reportedly make concessions regarding Activision Blizzard deal

The Xbox manufacturer might enter a 10-year deal with PlayStation to appease UK regulators.

Reason

'We Want Freedom': Chinese Protests Reflect Frustration With Country's Continuing COVID Restrictions

Plus: Reason's holiday gift guide, a possible new antitrust suit against Microsoft, and more...

The Independent UK

‘Resort fees’ set be outlawed in the US by Joe Biden

President vows to eliminate charges intended ‘to confuse or deceive consumers’

Investors Business Daily

FTX And The Rise Of Investment Scams: How To Guard Yourself

The bad news? Investment scams are soaring. The good news? You can protect yourself by taking five precautionary steps that we spell out.

The Street

Stocks Higher, Apple, Activision, Ford, Black Friday - Five Things To Know

Stock futures edge higher, dollar extends retreat; Apple slips amid reports of more disruption at iPhone factory in China; Activision slumps on concerns over FTC challenge to Microsoft deal; Ford edges lower after recalling 634,000 SUVs and Black Friday expected to see millions return to brick-and-mortar shopping.

Investors Business Daily

Dow Stock News: Apple Eyes Manchester United? FTC Seen Challenging Microsoft-Activision Deal

Apple reportedly is eyeing U.K. soccer giant Manchester United. The FTC may try to block Microsoft's planned Activision deal.

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