This deal is going through. I am sure they have already spoken with lawmakers before going to AB about purchasing them.
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US government launches overhaul of merger approval process, for some reason
- Thread starter SunBroDave
- Start date
Microsoft has long been in the blind spot for regulators. I always hear Apple, Alphabet, and Meta since they're mainly prominent in social circles. This changes nothing.
Probably pure coincidence.
And I strongly doubt the worst performing console ecosystem is going to be successfully argued as a monopoly.
And I strongly doubt the worst performing console ecosystem is going to be successfully argued as a monopoly.
Yes, I'm sure they're overhauling it just to meet the demands of the few Era posters that seem to think Microsoft has a monopoly on gaming and must be stopped and it's not surely for anything else that is actually in the article and the fact they have been working on the overhaul for a long time.
Are you guys even reading the article?
Tuesday's announcement follows new plans in the Senate to push through a pair of bills targeting tech giants like Apple, Meta, and Google. The Senate Judiciary Committee plans to vote on the American Innovation and Choice Online and the Open App Markets Acts on Thursday — bills that would outlaw dominant platforms from abusing their market dominance, allow third-party app stores, and protect software sideloading.
"This step toward Judiciary Committee consideration shows strong bipartisan support for our Open App Markets Act — to stop Apple and Google from crushing competitors and undercutting consumers," Sen. Richard Blumenthal (D-CT) said. "Breaking the ironclad grip of these two behemoths on the multi-billion dollar app market is long overdue. This measure has solid momentum."
I would not say that. I lived through the failed Comcast/TWC $80 billion dollar merger that nobody thought would fail either. Current political winds always impact deals of this magnitude.
No obvious reason to stop this acquisition.
Microsoft (14B $) + ABK (9B $) are from a 2021 revenue perspective smaller combined than PlayStation (25B $).
(This will change when COD drops PS in 2023).
Sony will have more problems with a big acquisition because they are the 2nd biggest gaming publisher/manufacturer in the world (Tencent is n1).
Meta/Facebook has been the punching bag for the anti-technocrat movement since the 2016 elections. For good reason of course.
And to answer you question more directly, they've done a lot:
FTC Alleges Facebook Resorted to Illegal Buy-or-Bury Scheme to Crush Competition After String of Failed Attempts to Innovate
Today, the Federal Trade Commission filed an amended complaint against Facebook in
This metaverse thing Satya said in the announcement is either bullshit or MS has turned its plans in the last months because they didn't really have a plan for VR.
Xbox is staying out of the VR hardware space, says Spencer | VGC
“I applaud what Sony’s doing, I applaud what Oculus is doing, what Valve has done”…
www.videogameschronicle.com
1) This has been a long time coming, and people think that this was announced in response to Microsoft's plans for AB really should pay more attention to useful politics and policy.
2) Intervening in mergers isn't just about Monopoly vs. Not-a-monopoly anymore, and people have too much of a view on it that is basically a century old.
www.nortonrosefulbright.com
Based on the huge executive order from July:
www.whitehouse.gov
It is so tremendously lazy to have a knee-jerk reaction thinking that the announcement of imminent Senate activity relating to this topic is because of this specific merger announcement.
2) Intervening in mergers isn't just about Monopoly vs. Not-a-monopoly anymore, and people have too much of a view on it that is basically a century old.
FTC announces changes to merger investigations
On September 28, the Federal Trade Commission announced sweeping changes to how it will handle merger investigations.
Based on the huge executive order from July:
Executive Order on Promoting Competition in the American Economy | The White House
By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the interests of American workers, businesses, and consumers, it is hereby ordered as follows: Section 1. Policy. A fair, open, and competitive marketplace...
It is so tremendously lazy to have a knee-jerk reaction thinking that the announcement of imminent Senate activity relating to this topic is because of this specific merger announcement.
Yes. I read. Sounds moreso that everything is aimed at the three companies in the quote in particular.
A purchase like this wouldn't be announced sloppily if it weren't about to go through. It wouldn't even be a monopoly if it went through. If anything, Disney buying Fox would have been closer to establishing a monopoly and that went through without a hitch.
I feel like the moment when regulators would step in is if Microsoft attempted to buy Playstation or Nintendo. That creates a space where suddenly one company is producing the vast majority of gaming consoles, when they also have a practical monopoly on PC gaming OSes. That may force Microsoft to at least allow other hardware manufacturers to make consoles that can run the Xbox OS - making the industry more akin to the home media distribution market (Remember - Sony owned the rights to Blu-Ray tech, but wasn't the only company producing Blu-Ray players).
Got nothing to do with it. They want to break up Facebook and Google, and they want justification to do so.
So… how is this law going to target Apple and Google and not Microsoft's own Xbox store? Genuine question, are they going to target companies by marketshare/revenue?