{"id":150234,"date":"2022-12-07T00:17:13","date_gmt":"2022-12-07T00:17:13","guid":{"rendered":"https:\/\/harchi90.com\/microsoft-president-brad-smith-to-meet-with-ftc-bigs-over-69b-activision-deal\/"},"modified":"2022-12-07T00:17:13","modified_gmt":"2022-12-07T00:17:13","slug":"microsoft-president-brad-smith-to-meet-with-ftc-bigs-over-69b-activision-deal","status":"publish","type":"post","link":"https:\/\/harchi90.com\/microsoft-president-brad-smith-to-meet-with-ftc-bigs-over-69b-activision-deal\/","title":{"rendered":"Microsoft president Brad Smith to meet with FTC bigs over $69B Activision deal"},"content":{"rendered":"<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Mr.  Smith is going to Washington \u2014 and the hope is to get Microsoft&#8217;s $69 billion acquisition of Activision cleared by the feds.<\/p>\n<p>Microsoft President Brad Smith is planning to meet with the Federal Trade Commission&#8217;s three Democratic members on Wednesday in a last-ditch bid to keep the tech giant&#8217;s blockbuster video-game deal from getting scrapped over antitrust concerns, The Post has learned.<\/p>\n<p>Smith and a small group of his attorneys are slated to meet individually with FTC Chair Lina Khan \u2014 who is said to be skeptical of the tie-up and who this summer pledged to scrutinize the deal over its impact on workers \u2014 as well as Democratic commissioners Rebecca Slaughter and Alvaro Bedoya, according to sources close to the situation. <\/p>\n<p>On Sunday, The Post exclusively reported that at least one Democrat on the four-member panel has recently taken a sympathetic view of the merger \u2014 with insiders speculating it might be Slaughter \u2014 potentially paving the way for it to get approved.  Republican FTC Commissioner Christine Wilson has already voiced support of the deal.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption>Smith and a small group of his attorneys are slated to meet individually with FTC Chair Lina Khan \u2014 who is said to be skeptical of the tie-up.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Sources said Microsoft&#8217;s Smith is scrambling to win over the powerful panel in a hurry \u2014 partly because Khan is pregnant and expected to go on maternity leave next month.<\/p>\n<p>\u201cChair Khan is expecting a baby in January and will take a short parental leave before quickly returning to her duties,\u201d FTC spokesperson Douglas Farrar said.  \u201cThe idea that any possible law enforcement actions by the Commission could be affected by her pregnancy is sexist and absurd speculation with absolutely no basis in reality.\u201d<\/p>\n<p>The FTC&#8217;s commissioners are slated for a closed-door meeting on Thursday to discuss the merger and there&#8217;s an outside chance they could vote on it, sources said. <\/p>\n<p>The panel also could meet to vote on the deal later this month.  Microsoft had believed the FTC would make its final ruling in the first quarter of 2023 but the FTC review has lately moved at a faster pace than it expected, the source said.<\/p>\n<p>An Activision spokesman declined to comment.  Microsoft also declined to comment.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/activision-blizzard-10.jpg?resize=1024%2C682&#038;ssl=1\" alt=\"Activision Blizzard's Call of Duty\" class=\"wp-image-24916607\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/activision-blizzard-10.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/activision-blizzard-10.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/activision-blizzard-10.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-recalc-dims=\"1\"\/><figcaption>Microsoft is now offering rival Sony a 10-year licensing deal for Activision games including \u201cCall of Duty\u201d on its PlayStation consoles.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Sources said Smith \u2014 who on Monday wrote an op-ed in the Wall Street Journal arguing for the deal \u2014 will stress that Microsoft is now offering rival Sony a 10-year licensing deal for Activision games including \u201cCall of Duty\u201d on its PlayStation consoles , and that the games would be released to them at the same time it becomes available on Microsoft&#8217;s Xbox.<\/p>\n<p>Sony&#8217;s concern is Microsoft by owning a leading console maker and a maker of popular video games could have too much market power.<\/p>\n<p>Separately this week, the Communications Workers of America said it supported the deal as news broke that 300 workers at Microsoft gaming studio ZeniMax are voting this month on forming Microsoft&#8217;s first union.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/activision-blizzard-09.jpg?resize=1024%2C682&#038;ssl=1\" alt=\"Activision Blizzard sign\" class=\"wp-image-24916562\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/activision-blizzard-09.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/activision-blizzard-09.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/activision-blizzard-09.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" data-recalc-dims=\"1\"\/><figcaption>Microsoft agreed to buy Activision Blizzard for $69 billion.<\/figcaption><figcaption><span class=\"credit\">Future Publishing via Getty Images<\/span><\/figcaption><\/figure>\n<p>CWA said the merger would give Microsoft and Activision Blizzard workers a clear path to collective bargaining and unionization in what it considers a major Microsoft concession.  The politically influential union is saying the deal is good for workers and they will be hurt if the FTC sues to block the merger.<\/p>\n<p>As reported by The Post, a fellow Democrat supporting the Microsoft deal could create a difficult path to block the deal for FTC Chair Khan \u2014 who according to insiders has eyed Microsoft&#8217;s deal as a major target as she looked to burnish her credentials as a trustbuster of BigTech.<\/p>\n<p>That&#8217;s because a 2-2 vote would not only fail to block the deal, but also would result in it getting cleared without any major conditions imposed by a settlement, including the concessions it has recently pledged to Sony.<\/p>\n<p>FTC&#8217;s staff was reportedly close to recommending a suit to block the deal, but that was reportedly before the Microsoft floated its settlement offer.<\/p>\n<p>Microsoft has agreed to share $95 a share for Activision.  Its shares were trading Tuesday at $76.11<\/p>\n<\/p><\/div>\n<p>    .<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mr. Smith is going to Washington \u2014 and the hope is to get Microsoft&#8217;s $69 billion acquisition of Activision cleared by the feds. Microsoft President Brad Smith is planning to meet with the Federal Trade Commission&#8217;s three Democratic members on Wednesday in a last-ditch bid to keep the tech giant&#8217;s blockbuster video-game deal from getting &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/microsoft-president-brad-smith-to-meet-with-ftc-bigs-over-69b-activision-deal\/\"> <span class=\"screen-reader-text\">Microsoft president Brad Smith to meet with FTC bigs over $69B Activision deal<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[4],"tags":[1423,329,21330,16853,21460,1514],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microsoft president Brad Smith to meet with FTC bigs over $69B Activision deal - harchi90<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiV2h0dHBzOi8vbnlwb3N0LmNvbS8yMDIyLzEyLzA2L21pY3Jvc29mdC1ib3NzLXRvLW1lZXQtd2l0aC1mZWRzLW92ZXItYWN0aXZpc2lvbi1zb3VyY2VzL9IBW2h0dHBzOi8vbnlwb3N0LmNvbS8yMDIyLzEyLzA2L21pY3Jvc29mdC1ib3NzLXRvLW1lZXQtd2l0aC1mZWRzLW92ZXItYWN0aXZpc2lvbi1zb3VyY2VzL2FtcC8?oc=5\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microsoft president Brad Smith to meet with FTC bigs over $69B Activision deal - harchi90\" \/>\n<meta property=\"og:description\" content=\"Mr. Smith is going to Washington \u2014 and the hope is to get Microsoft&#8217;s $69 billion acquisition of Activision cleared by the feds. 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Microsoft President Brad Smith is planning to meet with the Federal Trade Commission&#8217;s three Democratic members on Wednesday in a last-ditch bid to keep the tech giant&#8217;s blockbuster video-game deal from getting &hellip; Microsoft president Brad Smith to meet with FTC bigs over $69B Activision deal Read More 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Trade Commission (FTC) has moved to block Microsoft's takeover of video game company Activision Blizzard, citing concerns that the deal would thwart competition by denying rivals access to popular gaming content.Microsoft, which owns the Xbox video game console system, said in January 2022 that it would buy\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":157769,"url":"https:\/\/harchi90.com\/microsoft-exec-says-xboxs-activision-deal-is-fair-because-playstation-has-way-more-exclusives\/","url_meta":{"origin":150234,"position":1},"title":"Microsoft Exec Says Xbox&#8217;s Activision Deal Is Fair Because PlayStation Has Way More Exclusives","date":"December 14, 2022","format":false,"excerpt":"Microsoft president and vice chairman Brad Smith has said Xbox's acquisition of Activision Blizzard is fair because PlayStation has significantly more exclusive games.As reported by Bloom, Smith said during an annualberg meeting that Microsoft would present Sony's dominant position in the market as one reason for why its $68.7 billion\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":152359,"url":"https:\/\/harchi90.com\/ftc-sues-to-block-microsoft-activision-blizzard-69b-merger\/","url_meta":{"origin":150234,"position":2},"title":"FTC sues to block Microsoft-Activision Blizzard $69B merger","date":"December 9, 2022","format":false,"excerpt":"The Federal Trade Commission on Thursday sued to block Microsoft's planned $69 billion takeover of video game company Activision Blizzard, saying it could suppress competitors to Microsoft's Xbox game console and its growing games subscription business.The FTC's challenge could be a test case for President Joe Biden's mandate to scrutinize\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149168,"url":"https:\/\/harchi90.com\/microsoft-president-compares-sony-to-blockbuster-in-latest-xbox-activision-blizzard-defense\/","url_meta":{"origin":150234,"position":3},"title":"Microsoft President Compares Sony to Blockbuster in Latest Xbox-Activision Blizzard Defense","date":"December 5, 2022","format":false,"excerpt":"While the video game industry continues to wait and see if the Federal Trade Commission (FTC) will file an antitrust lawsuit to block Microsoft's $68.7 billion acquisition of Activision Blizzard, Microsoft is speaking out again on why the proposed deal is supposedly \"good for gamers.\"The Wall Street Journal posted an\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137369,"url":"https:\/\/harchi90.com\/ftc-likely-to-file-argument-to-block-microsoft-bid-for-activision-politico\/","url_meta":{"origin":150234,"position":4},"title":"FTC likely to file argument to block Microsoft bid for Activision -Politico","date":"November 24, 2022","format":false,"excerpt":"(Reuters) -The US Federal Trade Commission (FTC) is likely to file an antitrust argument to block Microsoft Corp's $69 billion takeover bid for video game publisher Activision Blizzard Inc, Politico reported on Wednesday, citing people familiar with the matter.A challenging the deal is not guaranteed, and the FTC's four commissioners\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":148226,"url":"https:\/\/harchi90.com\/rift-at-ftc-stirs-hope-for-microsofts-69b-activision-merger\/","url_meta":{"origin":150234,"position":5},"title":"Rift at FTC stirs hope for Microsoft&#8217;s $69B Activision merger","date":"December 4, 2022","format":false,"excerpt":"A rift has emerged at the Federal Trade Commission over Microsoft's $69 billion deal to acquire Activision \u2014 potentially paving the way for the controversial mega-merger to get approved, The Post has learned. At least one Democrat on the four-member panel has recently taken a sympathetic view of the merger,\u2026","rel":"","context":"In &quot;Technology&quot;","img":{"alt_text":"FTC Commissioner Rebecca Slaughter sitting at a Congressi","src":"https:\/\/i0.wp.com\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/ftc-microsoft-02.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/brad-smith-compjpg.jpg?quality=75&strip=all&w=1024","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/150234"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=150234"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/150234\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=150234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=150234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=150234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}