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“FTC votes to block Microsoft’s $69B Activision acquisition” The Federal Trade Commission has sued to block Microsoft’s $69 billion deal to buy Activision Blizzard, claiming that the mega-deal would stifle competition in the lucrative video-game industry, sources told The Post. The aggressive clampdown under FTC Chair Lina Khan — a 33-year-old legal prodigy who has…
“Microsoft president Brad Smith to meet with FTC bigs over $69B Activision deal” Mr. Smith is going to Washington — and the hope is to get Microsoft’s $69 billion acquisition of Activision cleared by the feds. Microsoft President Brad Smith is planning to meet with the Federal Trade Commission’s three Democratic members on Wednesday in…
“Rift at FTC stirs hope for Microsoft’s $69B Activision merger” A rift has emerged at the Federal Trade Commission over Microsoft’s $69 billion deal to acquire Activision — potentially paving the way for the controversial mega-merger to get approved, The Post has learned. At least one Democrat on the four-member panel has recently taken a…
“FTC probing accusations Uber bilking ‘Rewards’ customers: sources” The feds are probing accusations that Uber has been bilking customers as the ride-sharing giant winds down its “Uber Rewards” loyalty program, The Post has learned. In August, Uber said that beginning Nov. 1 it will scrap Uber Rewards — a program launched in 2018 that uses…
“FTC faces staff exodus, anger over Biden-appointed Big Tech foe’s leadership” Progressives thought they had their dream pick to lead the Federal Trade Commission last year when President Biden nominated Lina Khan — but her management style is leading to staff discontent and risks derailing her ambitions, The Post has learned. Khan, who made a…
“Antitrust insiders blame Chuck Schumer for Amazon-MGM’s FTC approval” The Amazon-MGM merger gained approval from the Federal Trade Commission without fanfare or a fight last week — and antitrust advocates are blaming New York Sen. Chuck Schumer. The FTC is helmed by one of the most aggressive antitrust critics, Lina Khan, but it’s deadlocked between…
“#NY sweepstakes ‘prize’ nothing but a cruel grift and scam” The check is in the scam! New Yorkers are receiving letters trumpeting that they are winners of the “Supermarket Customer Sweepstakes Raffle Draw” — and their prize is a cool $880,000. The congratulatory missive includes a realistic-looking first payment check of $8,000 and requests a…
“#US Chamber of Commerce accuses FTC of ‘waging war’ against business” The US Chamber of Commerce on Friday slammed the Biden administration’s Federal Trade Commission chair Lina Khan, accusing her and the FTC of “waging a war against American businesses.” “The FTC is waging a war against American businesses, so the U.S. Chamber is fighting back to protect free enterprise, American competitiveness, and economic growth,” said Suzanne Clark, president and CEO of…
“#FTC accuses Big Tech of using merger ‘loopholes’ to dodge antitrust scrutiny” Big tech companies have snapped up hundreds of smaller tech firms in recent years — and have improperly used “loopholes” to avoid antitrust scrutiny, according to the Federal Trade Commission. Critics say that acquisitions can be used by big tech firms to shut…
“#SEC boss Gary Gensler has few regulatory bullets on crypto: lawyer” Gary Gensler’s ambition to regulate the “Wild West” of cryptocurrencies is on a collision course with something he can’t regulate: more than seven decades of case law. That was the consensus among securities lawyers with whom I spoke following Gensler’s pronouncement last week that…