Pluralistic: Convicted monopolist prevented from re-offending (27 Apr 2023)

Today’s links Convicted monopolist prevented from re-offending: Microsoft won’t be allowed to buy Activision. Hey look at this: Delights to delectate. This day in history: 2003, 2013, 2018, 2022 Colophon: Recent publications, upcoming/recent appearances, current writing projects, current reading Convicted monopolist prevented from re-offending (permalink) In blocking Microsoft’s acquisition of Activision-Blizzard, the UK Competition and Markets Authority has made history: they have stepped in to prevent a notorious, convicted monopolist from seizing control over a nascent, important market (cloud gaming), ignoring the transparent, self-serving lies Microsoft told about the merger: Cloud gaming isn’t really a thing right now, but it might be. That was Microsoft’s bet, anyway, as it plonked down $69b to acquire Activision-Blizzard – a company that shouldn’t exist, having been formed out of a string of grossly anticompetitive mergers that were waved through. Activision-Blizzard is a poster-child for the failures of antitrust law over the past 40 years, a period in which monopolies were tolerated and even encouraged by the agencies that were supposed to prevent monopolies from forming and break up the ones that slipped past their defenses. Activision-Blizzard is a giant, moribund company whose “innovation” consists of endless sequels to its endless sequels, whose market power allows it to crush its workers while starving competitors of market oxygen, ensuring that gamers and game workers have nowhere else to go. Microsoft is another one of those poster-children, of course. After being convicted of antitrust violations, the company dragged out the legal process until George W Bush…Pluralistic: Convicted monopolist prevented from re-offending (27 Apr 2023)

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