Will the public be served by a government lawsuit to block Microsoft’s proposed $69 billion purchase of game maker Activision, owner of the popular “Call of Duty” franchise? Investors who are bearish on Activision stock seem to fear such a case is imminent.
If so, the record is not only unchallenged, but it also shows an antitrust machine going downhill in a decadent direction. Only the 1982 breakup of AT&T created a clear reward for the public, breaking the long-distance monopoly fueled by public policy. The government’s pursuit of Microsoft, which lasted for years, and preceded it with IBM, which had cost millions of dollars and was famous, ended in a cry of agony. This column has been amused by federal lawsuits alleging monopolies by makers of “superpremium” ice cream or office supply stores. All have their defenders but none are so indifferent as to claim the American people will see any benefit from these circumstances.
https://www.wsj.com/articles/lina-khans-microsoft-temptation-activision-call-duty-buy-antitrust-lawsuit-cnn-time-warner-11652214558 Lina Khan and Amy Klobuchar’s Microsoft Temptation