Federal Commerce Fee Chairwoman Lena Khan is taking up the world’s greatest tech firms — and loss. From one report: Khan failed Tuesday in her last-ditch effort to dam a significant tech deal A federal decide rejected the company’s bid to dam Microsoft from closing its acquisition of online game writer Activision Blizzard. The FTC suffered the same setback earlier this yr when it tried to dam the acquisition of virtual-reality sport firm Meta Platforms. Khan, who gained notoriety as an Amazon critic, took workplace in 2021 on a promise to tighten antitrust enforcement. Previous executives have been cautious of mentioning severe points, she stated, and corporations like Fb proprietor Meta have been unable to cope with firms which have gained near-monopoly energy in digital industries.
“I am definitely not somebody who sees success as a 100% on-court file,” Khan stated in feedback on the College of Chicago final yr. “I feel there is a severe value to that if you happen to by no means deliver up these severe points, which might result in stagnation and stagnation.” Beneath the Biden administration, antitrust businesses have probed extra mergers than in earlier years, together with some that the federal government has traditionally not tried to dam. Microsoft and Activision should not head-to-head rivals, which makes the case extra oblique and extra depending on the FTC’s prediction.