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☆ FTC would face tough appeal of Microsoft-Activision order -experts
▼ + stars: | 2023-07-11 | by ( Mike Scarcella | ) www.reuters.com time to read: +3 min

She gave the FTC until Friday to seek an order in the San Francisco-based 9th U.S. The FTC had no immediate comment on whether it would appeal and what arguments it might make before a three-judge panel. "The FTC may have difficulty on appeal establishing that fact - without which the case as they framed it goes away," Crane said. In her 53-page order, Corley said it was not enough for the FTC to argue that "a merger might lessen competition - the FTC must show the merger will probably substantially lessen competition." A trial before an administrative law judge at the FTC begins on Aug. 2.

Persons: Jacqueline Scott Corley, Corley, Daniel Crane, Crane, Luke Hasskamp, Robert Lande, Joseph Alioto, Alioto, Mike Scarcella, Matthew Lewis Organizations: U.S . Federal Trade Commission, Microsoft, Activision, Circuit, Appeals, FTC, University of Michigan Law School, University of Baltimore, Thomson Locations: U.S, San Francisco, Washington

The private plaintiffs sued Microsoft in California federal court in December to enjoin the deal, which they called harmful to competition. Corley pushed back on the gamers' allegation that Microsoft would limit availability of the game. A lawyer for the gamers said on Monday they will press on with their challenge to the deal despite losing this preliminary round. Corley dismissed the gamers' first lawsuit in March, ruling that plaintiffs had not offered adequate factual support for claims that the deal would violate U.S. antitrust law. The case is DeMartini v. Microsoft Corp, U.S. District Court, Northern District of California, No.

"Plaintiffs' general allegation that the merger may cause 'higher prices, less innovation, less creativity, less consumer choice, decreased output, and other potential anticompetitive effects' is insufficient," wrote U.S. District Judge Jacqueline Corley. The decision does not affect the U.S. Federal Trade Commission's (FTC) regulatory challenge to the largest-ever gaming industry deal. Microsoft announced its bid last year, and it also faces competition scrutiny in the EU and UK. A spokesperson for Microsoft and lawyers for the company did not immediately respond to messages seeking comment. The case is Demartini v. Microsoft Corp, U.S. District Court, Northern District of California, 3:22-cv-08991.

☆ Grocery consumers sue to block Kroger’s $25 bln buy of Albertsons
▼ + stars: | 2023-02-03 | by ( Mike Scarcella | ) www.reuters.com time to read: +3 min

Kroger is the biggest grocer in the U.S. by revenue, and Albertsons is the second-largest supermarket chain. Nearly 5,000 grocery stores would be under one corporate umbrella if the deal, announced in October, goes through. A representative for Albertsons declined to comment on Friday, and a Kroger spokesperson did not immediately respond to a message seeking comment. Kroger operates stores under banners including Harris Teeter, Pay Less and King Soopers. U.S. antitrust law lets private consumers sue over proposed mergers and acquisitions, apart from any enforcement action brought by a state or federal agency policing competition laws.

☆ The Tucker Carlson origin story
▼ + stars: | 1998-01-28 | by ( Aaron Short | ) www.businessinsider.com time to read: +57 min

Tucker Carlson is remembered as a provocateur and gleeful contrarian by those who knew him in his early days. It was Tucker Carlson. (Note on style: Tucker Carlson and the members of his family are referred to here by their first names to avoid confusion.) In 1979, Richard Carlson married Patricia Swanson, heiress to the Swanson frozen foods empire that perfected the frozen Salisbury steak for hassle-free dinners. Tucker Carlson attended St. George’s School, a boarding school starting at age 14.

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