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Bloomberg Tech

The FTC's War on Big Tech

Bloomberg Tech

Bloomberg

Tech News, News, Business News

4.470 Ratings

🗓️ 9 December 2022

⏱️ 42 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow break down the FTC now seeking to block Microsoft's acquisition of Activision Blizzard, and what's new in the case of Meta's acquisition of Within. Plus, why pressure is building on Elon Musk and his bankers.

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

Join global business leaders and investors at the Bloomberg Sustainable Business Summit, returning to Singapore on July 31st.

0:09.0

Take part in solutions driven discussions on how to drive business value and unlock opportunity

0:14.8

while remaining nimble in times of change and greater ESG accountability.

0:19.5

Learn more at Bloomberg Live.com slash sustainablebiz Singapore. That's Bloomberg Live.com slash Sustainable Biz Singapore.

0:23.7

That's Bloomberg Live.com slash sustainable Biz Singapore. I'm Caroline Hine in Bloomberg's world headquarters in New York.

0:46.0

And I'm Ed Loveau in San Francisco, this is Bloomberg Technology.

0:50.0

Coming up this hour, the FTC is front and center federal regulators looking to block

0:54.7

Microsoft's 69 billion dollar acquisition of Activision Blizzard saying the tie up

0:59.3

between the Xbox Maker and the game publisher would harm competition.

1:03.0

Plus, the FTC has opened its campaign to block Meta's acquisition of a virtual reality company.

1:09.5

We have the story straight from the San Jose federal courtroom.

1:13.0

And pressure builds on Elon Musk and his bankers.

1:16.0

That's as they consider providing him with new margin loans backed by Tesla stock

1:20.0

to replace the riskiest Twitter debt.

1:22.0

We've got details of that later, but first...

1:25.0

The FTC did what we thought the FTC might do.

1:28.0

They stuck to the promise.

1:30.0

They're going tougher on Big M&A,

1:32.0

particularly in the text space.

1:33.0

Lena Carn, of course, promised that and she follows through,

1:35.2

Ed let's dig into all of this in DC.

1:37.7

I want to follow the news, you want to get to where the regulators are looking

...

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