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On Point with Meghna Chakrabarti

More than money: Microsoft and the big tech question

On Point with Meghna Chakrabarti

WBUR

Talk Show, News, On Point, Daily, Npr

4.33.9K Ratings

🗓️ 27 December 2022

⏱️ 47 minutes

🧾️ Download transcript

Summary

Rebroadcast: Microsoft wanted to acquire Activision-Blizzard for almost $70 billion. Is the mega-merger a new kind of monopoly?

Transcript

Click on a timestamp to play from that location

0:00.0

This is on point.

0:03.9

I'm Megna Chakrabardi.

0:05.4

And it's day two in this week-long rebroadcast of our series, More than Money, The Cost of

0:10.4

Monopolis in America.

0:11.8

We're going to spend some time today hearing about the proposed merger between Microsoft

0:16.6

and Video Game Developer Activision Blizzard.

0:19.9

Now since we first recorded this conversation, the Federal Trade Commission, under the leadership

0:24.6

of Lena Khan, has sued to stop that merger.

0:29.4

And maybe that's not so surprising, given some of Lena Khan's public statements about

0:34.0

Monopolis.

0:35.5

Our original broadcast began with one such statement.

0:39.1

Monopolis are bad, not simply because they've threatened to, you know, lead to higher consumer

0:45.3

prices or even necessarily undermine productivity and growth, but Monopolis are bad because

0:50.5

they're bad for democracy.

0:51.8

Of course, that is subject to debate, which is why we're having this series this week.

0:56.6

But what isn't debatable?

0:58.4

There's been a veritable frenzy of corporate consolidation recently in this country.

1:03.3

A lot of it has been relatively hidden from view.

1:05.9

Yesterday, we talked about how just four companies control almost 90% of the meat-packing

1:11.3

market in the United States.

1:13.8

And it's not just an ag.

1:15.1

M&A fervor is everywhere worldwide.

...

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