FTC hearing to block Microsoft, Activision deal concludes
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 30 June 2023
⏱️ 7 minutes
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning. Today is Friday, June 30th, the final day of June, the final day of the quarter, and the final day of the first half of the year. |
| 0:15.8 | I'm your host Julie Morgan. |
| 0:18.0 | The FTC hearing to block the Microsoft Activision deal is done. |
| 0:22.0 | Now it's left up to the judge. |
| 0:24.4 | The Skoda's decision on student loan debt is expected to be revealed today and |
| 0:29.2 | monster is adding some bang to its portfolio. |
| 0:33.0 | Here's what's making headlines today. |
| 0:36.0 | A judge will now decide if the Federal Trade Commission can block Microsoft 69 billion |
| 0:41.1 | dollar acquisition of Activision after a five-day trial has concluded. |
| 0:45.7 | Final arguments have been presented and now we wait for the ruling. |
| 0:49.6 | The trial included testimony from the CEOs of Microsoft and Activision as they faced off against |
| 0:55.5 | lawyers from the Federal Trade Commission. The suit was filed because the FTC feels that |
| 1:00.5 | the $69 billion tie-up between Microsoft and one of the best-known |
| 1:05.2 | game developers could harm competition. Activision's call of duty and World of |
| 1:10.3 | Warcraft are some of the most popular gaming franchises, and it is believed that this |
| 1:15.0 | union could limit rivals access to titles or raise prices for other gaming platforms. |
| 1:21.6 | The FTC also said it would give the Xbox Maker an unfair |
| 1:25.4 | advantage in the new market for game subscriptions as well as the emerging market |
| 1:30.5 | for cloud gaming. The trial and its timing are crucial as the transaction |
| 1:35.5 | has a July 18th termination date after which billions in breakup fees would need to |
| 1:40.5 | be paid by Microsoft or terms would have to be renegotiated. |
... |
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