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WSJ Opinion: Potomac Watch

The FTC Loses Another Antitrust Court Case

WSJ Opinion: Potomac Watch

The Wall Street Journal

News, Society & Culture

4.22.8K Ratings

🗓️ 12 July 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

Federal Trade Commission Chair Lina Khan fails to stop Microsoft's $75 billion acquisition of the video-game developer Activision Blizzard, but her campaign against bigness continues. Plus, congressional Republicans want to hear from U.S. Attorney David Weiss about the Hunter Biden investigation and plea deal. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This podcast has brought you by Fidelity Investments.

0:03.5

Find yourself on solid ground at Fidelity.

0:06.1

We bring 75 years of experience and are hiring licensed financial planners near you.

0:11.2

Visit branches.fidelitycareers.com.

0:14.8

Fidelity is an equal opportunity employer.

0:20.8

From the opinion pages of the Wall Street Journal,

0:23.6

this is Potomac Watch.

0:26.6

The Federal Trade Commission loses another antitrust case.

0:30.6

As Republicans in Congress have questions for the Justice Department Attorney behind the Hunter Biden deal.

0:37.6

Welcome, I'm Kyle Peterson with the Wall Street Journal.

0:40.6

We are joined today by my colleagues, columnists, Alicia Finley and Kim Strassel.

0:46.6

The FTC under Cherlina Khan has lost another case in court.

0:51.6

This one trying to block Microsoft's $75 billion acquisition of the video game developer Activision Blizzard.

1:00.6

Alicia, you've looked at this.

1:01.6

Can you take us through this?

1:02.6

What were the arguments that the FTC made here and what did the judge say?

1:07.6

So the FTC argued in this case that Microsoft would attempt to use Activision Blizzard's highly popular call duty franchise.

1:18.6

Activision Blizzard also produces a bunch of other video games.

1:21.6

The call duty is really one of its most popular ones.

1:24.6

There's also Candy Crush.

1:26.6

Some of our audience may be familiar with.

1:29.6

And that it wanted to have to withhold these video games from other rivals, namely Sony and Nintendo,

...

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