Welcome to the Tech Beam Right Home for Friday, December 9th, 2022. I'm Brian McCullough.

Today, this is gonna make the situation in the gaming industry downright chaotic.

The FTC has sued to block

Microsoft 69 billion dollar Activision Blizzard acquisition.

Sam Bankman Freed says he's going to testify under oath before Congress why the salute emoji is hands down the

symbol of the year 2022, and of course the weekend long rate suggestions.

Here's what you miss today in the world of tech. Well this is really throwing the chessboard up in the

air. The FTC is officially suing to block Microsoft 69 billion

dollar Activision Blizzard acquisition, charging that the deal announced back in January may suppress Microsoft's gaming competitors, quoting the Washington Post.

The Federal Trade Commission on Thursday took its most aggressive actions since

Lena Khan became chair to rein in the power of Big Tech, pursuing a lawsuit to block

Microsoft's acquisition of a game developer on the same day it opened arguments in another case against Meta's purchase of a virtual reality startup.

In both cases, the FTC argued that the acquisitions would squash future innovation in emerging

gaming markets, a relatively novel interpretation of antitrust law that Khan and her allies

have championed as they seek to usher in an era of competition enforcement.

The complaints follow long-running criticism that federal regulators have not been forward-looking

enough in evaluating deals in Silicon Valley, allowing Tech Titans to dominate by gobbling up their much smaller rivals.

The FTC suit against Microsoft would block the company's $69 billion acquisition of the

video game publisher Activision Blizzard, charging that the deal would allow the Redmond, Washington Tech Giant

to suppress its competitors in gaming. If the FTC's lawsuit prevails, it would foil Microsoft's

ambitions to become a heavier hitter in the gaming industry.

Activision is the owner of popular titles such as Candy Crush and Call of Duty,

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