adamsapple
Or is it just one of Phil's balls in my throat?
Standard procedure but this thread should be good to post any updates on this.
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FTC Has Opened Probe Into Sony’s Bungie Acquisition
- Thread starter adamsapple
- Start date
Standard procedure but this thread should be good to post any updates on this.
Varteras
Gold Member
Business as usual. Needs to happen to make sure everything pans out. It's a market leader spending several billion on a company. Just as the FTC had to look into Sony buying Crunchyroll. At least from the jump Sony has said Bungie will operate as an independent studio under SIE and remain multiplatform. So that should lay a large number of concerns to rest.
adamsapple
Or is it just one of Phil's balls in my throat?
I don't think there was any FTC probe when MS bought Bethesda, but it's the new management, specifically Lina Khan, that's opening up all these probes.
LiquidMetal14
hide your water-based mammals
Thank the Lord Jessie Christo
remember_spinal
Banned
Would be dope if they both got blocked
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adamsapple
Or is it just one of Phil's balls in my throat?
FTC has also opened a probe into Musk's Twitter sale.
They're busy bees right now with three big acquisitions.
They're busy bees right now with three big acquisitions.
Ass of Can Whooping
Member
Yeah if this was past management there'd be no probe.
They might not be as big as MS, FB Apple etc. but Sony is still huge tech conglomerate in its own right. They'd be in the crosshairs too
Zeroing
Banned
I love the word probe...should be used more often.
But being serious now, yeah they are supposed to do that. I would be amazed if they did not. It is fair.
BennyBlanco
aka IMurRIVAL69
FTC has to justify its own payroll. They won’t block anything.
Black_Stride
do not tempt fate do not contrain Wonder Woman's thighs do not do not
in before the lock
Seriously, are we gonna start reporting everytime the FTC looks at any videogame company.
With acquisitions seemingly increasing in size these "investigations" arent gonna be all that uncommon.
But most importantly.....no one on this forum actually actually gives a shit and/or knows enough about whats going on to "discuss" anything.
Seriously, are we gonna start reporting everytime the FTC looks at any videogame company.
With acquisitions seemingly increasing in size these "investigations" arent gonna be all that uncommon.
But most importantly.....no one on this forum actually actually gives a shit and/or knows enough about whats going on to "discuss" anything.
IntentionalPun
Ask me about my wife's perfect butthole
It's just the process for buying a large company; bog standard anti-monopoly stuff.
SoloKingRobert
Banned
Isn't Bribing illegal?
Craig of War
Banned
FTC won't do nothing they have zero ground to try and block any of these Acquisition
Salty Popsicle
Banned
Oof, seems like this acquisition is in jeopardy now. Am I doing it right???
Captain Toad
Banned
Nah. Checks and balances like this are important. Not that any of these will or should get blocked, but it's still important to have these steps in the process to keep monopolies from occurring.
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Hero of Spielberg
Member
I feel like we need a ‘Deathriding Acquisition’ megathread or something.
DaGwaphics
Member
It's doomed. They are killing the deal. It's over. 
Am I doing it right?
Am I doing it right?
VolticArchangel
Member
bitbydeath
Member
John Wick
Member
Maybe because there is no reasons to make a fuss about?
oldergamer
Member
Huh, well Bungie isnt a public company, so im curious why the ftc is involved. Where is jason shithead on this reporting?
rickybooby87
Member
Sony is just saying what they need to say in order to get this merger approved, once they do, they’ll make all future bungie titles exclusive.
/s
/s
adamsapple
Or is it just one of Phil's balls in my throat?
Under the Hart-Scott-Rodino Act, the FTC and the Department of Justice review most of the proposed transactions that affect commerce in the United States and are over a certain size, and either agency can take legal action to block deals that it believes would “substantially lessen competition.” Although there are some exemptions, for the most part current law requires companies to report any deal that is valued at more than $101 million to the agencies so they can be reviewed.
Merger Review
How Mergers are Reviewed Among the key provisions in U.S. antitrust law is one designed to prevent anticompetitive mergers or acquisitions.
So this means any merger whether private or public over $101 million gets reviewed.
kyliethicc
Member
MasterCornholio
Member
Under the Hart-Scott-Rodino Act, the FTC and the Department of Justice review most of the proposed transactions that affect commerce in the United States and are over a certain size, and either agency can take legal action to block deals that it believes would “substantially lessen competition.” Although there are some exemptions, for the most part current law requires companies to report any deal that is valued at more than $101 million to the agencies so they can be reviewed.
Merger Review
How Mergers are Reviewed Among the key provisions in U.S. antitrust law is one designed to prevent anticompetitive mergers or acquisitions.www.ftc.gov
So this means any merger whether private or public over $101 million gets reviewed.
Sounds like it’s just standard practice. Although with Sonys messaging I’m not sure how this will get blocked.
AllBizness
Banned
Never heard of a probe for the Zenimax purchase and that was twice as much. 7billi
kiphalfton
Member
They like to waste time and money on stupid ventures when there’s more pressing issues at hand. Case in point everything that happened last year with meme stocks.
But guess it’s all in an attempt to make it look like they’re doing their due diligence.
oldergamer
Member
Interesting i wasnt aware of this. Thanks for posting that!Under the Hart-Scott-Rodino Act, the FTC and the Department of Justice review most of the proposed transactions that affect commerce in the United States and are over a certain size, and either agency can take legal action to block deals that it believes would “substantially lessen competition.” Although there are some exemptions, for the most part current law requires companies to report any deal that is valued at more than $101 million to the agencies so they can be reviewed.
Merger Review
How Mergers are Reviewed Among the key provisions in U.S. antitrust law is one designed to prevent anticompetitive mergers or acquisitions.
So this means any merger whether private or public over $101 million gets reviewed.
Quixz
Member
Would be dope if they both got blocked
Both would be picked up by Tencent the next morning
Ghost of Caelid
Banned
It's 20x smaller...yea...reasons.
remember_spinal
Banned
Both would be picked up by Tencent the next morning
I’m not scared of tencent anymore than any other major corporation
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Sony, the undisputed worldwide market leader has purchased 7 studios in just this past year and has made public statements about interest in acquiring more studios. Buying one of the biggest 3rd party studios of all time, Bungie, should defiantly get a 2nd look from FTC regulators. I'd say what Sony is quietly doing is burgeoning on monopolistic and the FTC needs to keep their eye on ball.
remember_spinal
Banned
Studios with like 40-60 full time employees lol
MasterCornholio
Member
I’m not sure how the Bungie acquisition is Sony way of becoming a monopoly especially with what they said about them. But sure there’s no issue with the FTC looking at it.
Well the FTC could ask for contingencies about Bungie in writing. Jason seems to believe Microsoft should be forced to offer COD to other platforms in perpetuity. Which is nonsense imo.
Exanthus
Banned
Shocking I know
remember_spinal
Banned
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