Latest news with #JacquelineScottCorley
Time of India
08-05-2025
- Business
- Time of India
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
HighlightsThe 9th U.S. Circuit Court of Appeals upheld a lower court's ruling, allowing Microsoft's $69 billion acquisition of Activision Blizzard to proceed without a preliminary injunction from the Federal Trade Commission. The Federal Trade Commission's legal challenge, which was filed in 2022, argued that the merger would reduce competition in the video game market, but the court found insufficient evidence to support this claim. The acquisition, which is the largest in the video gaming industry, was also scrutinized by competition authorities in the United Kingdom and other international markets before being finalized in late 2023. A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft 's $69 billion purchase of "Call of Duty" maker Activision Blizzard . The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge's order that said the FTC was not entitled to a preliminary injunction blocking the deal, which closed in 2023. A three-judge panel unanimously ruled that the lower judge had applied the correct legal standards and said the FTC had not shown it was likely to succeed on its claims that the merger would restrict competition. A spokesperson for the FTC declined to comment. Microsoft did not immediately respond to a request for comment. The decision came in an antitrust lawsuit filed by the Federal Trade Commission in 2022 against Xbox maker Microsoft. The FTC, which enforces antitrust law, separately challenged the merger in an internal administrative action. That proceeding was placed on hold in 2023 during President Joe Biden's administration, pending the 9th Circuit's decision. The Activision Blizzard transaction marked the largest-ever acquisition in the video gaming market. The deal closed in late 2023 after competition authorities in the UK approved it. The purchase also faced regulatory scrutiny in other international markets. The FTC's lawsuit sought an order freezing the Activision transaction while the agency pursued its administrative challenge. The agency claimed the Microsoft-Activision tie-up would allow the merged company to fend off competitors to the Xbox console and to its subscription and cloud-based gaming business. US District Judge Jacqueline Scott Corley had refused to block the acquisition in July 2023, finding that the FTC had not shown Microsoft's ownership of Activision would "substantially lessen competition in the video game library subscription and cloud gaming markets." The FTC argued in its appeal that the court applied an overly stringent standard in weighing whether to grant a preliminary injunction.
Indian Express
08-05-2025
- Business
- Indian Express
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge's order that said the FTC was not entitled to a preliminary injunction blocking the deal, which closed in 2023. A three-judge panel unanimously ruled that the lower judge had applied the correct legal standards and said the FTC had not shown it was likely to succeed on its claims that the merger would restrict competition. A spokesperson for the FTC declined to comment. Microsoft did not immediately respond to a request for comment. The decision came in an antitrust lawsuit filed by the Federal Trade Commission in 2022 against Xbox maker Microsoft. The FTC, which enforces antitrust law, separately challenged the merger in an internal administrative action. That proceeding was placed on hold in 2023 during President Joe Biden 's administration, pending the 9th Circuit's decision. The Activision Blizzard transaction marked the largest-ever acquisition in the video gaming market. The deal closed in late 2023 after competition authorities in the UK approved it. The purchase also faced regulatory scrutiny in other international markets. The FTC's lawsuit sought an order freezing the Activision transaction while the agency pursued its administrative challenge. The agency claimed the Microsoft-Activision tie-up would allow the merged company to fend off competitors to the Xbox console and to its subscription and cloud-based gaming business. U.S. District Judge Jacqueline Scott Corley had refused to block the acquisition in July 2023, finding that the FTC had not shown Microsoft's ownership of Activision would 'substantially lessen competition in the video game library subscription and cloud gaming markets.' The FTC argued in its appeal that the court applied an overly stringent standard in weighing whether to grant a preliminary injunction.
CNBC
07-05-2025
- Business
- CNBC
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
An Activision Blizzard's Call of Duty: Modern Warfare video game is inserted into Microsoft's Xbox One video game console. A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft 's $69 billion purchase of "Call of Duty" maker Activision Blizzard. The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge's order that said the FTC was not entitled to a preliminary injunction blocking the deal, which closed in 2023. A three-judge panel unanimously ruled that the lower judge had applied the correct legal standards and said the FTC had not shown it was likely to succeed on its claims that the merger would restrict competition. A spokesperson for the FTC declined to comment. Microsoft did not immediately respond to a request for comment. The decision came in an antitrust lawsuit filed by the Federal Trade Commission in 2022 against Xbox maker Microsoft. The FTC, which enforces antitrust law, separately challenged the merger in an internal administrative action. That proceeding was placed on hold in 2023 during President Joe Biden's administration, pending the 9th Circuit's decision. The Activision Blizzard transaction marked the largest-ever acquisition in the video gaming market. The deal closed in late 2023 after competition authorities in the UK approved it. The purchase also faced regulatory scrutiny in other international markets. The FTC's lawsuit sought an order freezing the Activision transaction while the agency pursued its administrative challenge. The agency claimed the Microsoft-Activision tie-up would allow the merged company to fend off competitors to the Xbox console and to its subscription and cloud-based gaming business. U.S. District Judge Jacqueline Scott Corley had refused to block the acquisition in July 2023, finding that the FTC had not shown Microsoft's ownership of Activision would "substantially lessen competition in the video game library subscription and cloud gaming markets." The FTC argued in its appeal that the court applied an overly stringent standard in weighing whether to grant a preliminary injunction.
Time of India
07-05-2025
- Business
- Time of India
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
Live Events A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft 's $69 billion purchase of "Call of Duty" maker Activision Blizzard The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge's order that said the FTC was not entitled to a preliminary injunction blocking the deal, which closed in 2023.A three-judge panel unanimously ruled that the lower judge had applied the correct legal standards and said the FTC had not shown it was likely to succeed on its claims that the merger would restrict competition.A spokesperson for the FTC declined to comment. Microsoft did not immediately respond to a request for decision came in an antitrust lawsuit filed by the Federal Trade Commission in 2022 against Xbox maker FTC, which enforces antitrust law, separately challenged the merger in an internal administrative action. That proceeding was placed on hold in 2023 during President Joe Biden's administration, pending the 9th Circuit's Activision Blizzard transaction marked the largest-ever acquisition in the video gaming market. The deal closed in late 2023 after competition authorities in the UK approved it. The purchase also faced regulatory scrutiny in other international FTC's lawsuit sought an order freezing the Activision transaction while the agency pursued its administrative agency claimed the Microsoft-Activision tie-up would allow the merged company to fend off competitors to the Xbox console and to its subscription and cloud-based gaming District Judge Jacqueline Scott Corley had refused to block the acquisition in July 2023, finding that the FTC had not shown Microsoft's ownership of Activision would "substantially lessen competition in the video game library subscription and cloud gaming markets."The FTC argued in its appeal that the court applied an overly stringent standard in weighing whether to grant a preliminary injunction.
Reuters
03-04-2025
- Health
- Reuters
Several companies must face lawsuit over tainted baby food, US judge rules
April 3 (Reuters) - A U.S. judge said several companies including Walmart (WMT.N), opens new tab, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decision on Wednesday, U.S. District Judge Jacqueline Scott Corley said parents can try to prove that defective manufacturing, negligence and failure to warn about more than 600 baby food products caused their children to suffer autism spectrum disorder and attention deficit hyperactivity disorder. here. Parents said some defendants failed to adhere to internal limits about how much arsenic, cadmium, lead and mercury in baby food was safe, while others never addressed the issue. Corley said this made it plausible to claim that some baby food was unsafe, if safety criteria were not followed. The San Francisco-based judge also said no "ironclad rule" required the parents to allege that toxicity crossed a particular threshold. Beech-Nut is owned by Nestle (NESN.S), opens new tab, Gerber is owned by Switzerland's Hero Group, and Walmart sold its baby food under its own name. Other brands in the case include Hain Celestial's (HAIN.O), opens new tab Earth's Best Organics, Danone's ( opens new tab Happy Baby and Happy Tot, Sun-Maid Growers of California's Plum Organics and Neptune Wellness Solutions' ( opens new tab Sprout Organic. Lawyers for the defendant companies did not immediately respond to requests for comment on Thursday. The companies have said their baby food is safe. They also argued that heavy metals are naturally present in the environment, and parents "cannot simply allege that detectable levels of heavy metals make baby food defective." R. Brent Wisner, a lawyer for the plaintiffs, said he was pleased with the decision. "Selling baby food with lead and arsenic is simply not OK, and with the court's ruling, we are one step closer to holding these companies accountable for their decades of malfeasance," Wisner said in an email. Parents sued after a 2021 report, opens new tab by a U.S. House of Representatives subcommittee on economic and consumer policy said "dangerous" levels of heavy metals in some baby food could cause neurological damage. Corley dismissed Campbell's (CPB.O), opens new tab, which sold Plum Organics to Sun-Maid in 2021, as a defendant. (AMZN.O), opens new tab and its Whole Foods unit have also been sued for selling Hain and Danone baby food. The case is In re: Baby Food Products Liability Litigation, U.S. District Court, Northern District of California, No. 24-md-03101.
