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May 26, 05:00 PM
FTC Drops Microsoft’s $69 Billion Activision Deal Case, Pepsi Case Dismissed; Chile Supreme Court Fines CDF $28 Million
Chile
Law
Business
World

FTC Drops Microsoft’s $69 Billion Activision Deal Case, Pepsi Case Dismissed; Chile Supreme Court Fines CDF $28 Million

Authors
  • IGN
  • BioBioChile
  • CNN Chile
9

The U.S. Federal Trade Commission (FTC) has officially dropped its antitrust case against Microsoft's $69 billion acquisition of Activision Blizzard, a deal that had been challenged during the Biden administration. The FTC stated that pursuing the case against the already closed transaction was not in the public interest. This move follows the dismissal of a separate FTC case accusing Pepsi of price discrimination favoring Walmart, which was criticized for being rushed under former Chair Lina Khan. The recent decisions reflect a shift in the FTC's enforcement approach under the Trump administration's Department of Justice and FTC leadership, with a focus on addressing perceived anti-conservative bias. Meanwhile, in Chile, the Supreme Court confirmed a historic fine of US$28 million against CDF (Canal del Fútbol) for abuse of monopoly position, ordering the company to pay more than 26 billion Chilean pesos. This ruling represents a significant legal setback for TNT Sports, the sports broadcasting company involved in the case.

Written with ChatGPT (GPT-4).

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