A California judge allowed Meta to buy the company last week.
Shortly after the court greenlit the impending merger on Friday, Meta spokesperson Stephen Peters toldthe company is looking “forward to closing the transaction soon.” Meta declined to comment on the FTC’s choice not to appeal the order.
The FTC’s failure to stop the merger marks one of Chair Lina Khan’s first major losses as head of the agency. Khan, a tech antitrust pioneer, has doggedly gone after large tech companies over alleged anticompetitive conduct since she was confirmed to the post in 2021. Last July,overruled FTC staff advice not to intervene in Meta’s proposed merger with Within. FTC commissioners voted 3–2 to file the suit.
In Monday’s call with reporters, FTC officials were optimistic that its failure to stop Meta’s merger wouldn't harm its abilities to improve competition in the broader tech industry. An FTC official noted how Friday’s ruling agreed with the agency that courts should consider a merger’s potential to harm competition in the future when litigating merger cases.opposing Microsoft’s merger with Activision.
against the company closing its deal with Activision. The European Commission opened its own investigation into the proposed merger in November to “ensure that opportunities remain for future and existing distributors of PC and console video games.”Updated to clarify that the FTC declined to comment on its case opposing Microsoft’s merger with Activision.
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