Update on Microsoft’s Acquisition of Activision Blizzard

On Monday, the Federal Trade Commission (FTC) filed suit against Microsoft in federal court seeking a temporary restraining order (TRO) and preliminary injunction (PI) to prevent the company from closing its acquisition of video game maker Activision Blizzard until the FTC can conduct an administrative trial. Microsoft Vice Chair and President Brad Smith said, “We welcome the opportunity to present our case in federal court. We believe accelerating the legal process in the U.S. will ultimately bring more choice and competition to the market.”

A federal judge issued the TRO late Tuesday, which temporarily blocks the deal from closing. A hearing on the PI request takes place next week. We will continue to provide updates on this issue.

Enjoy the start of your summer. Here is our roundup of tech policy news and a featured podcast. Thank you.

This Week in Washington 

Article Summary

  • Cleveland.com: Ohio is the latest state to consider regulations for children online. Governor Mike DeWine and Lieutenant Governor Jon Husted are rounding up state legislators to adopt their new proposed rule for children under 16 to obtain parental permission before joining social media sites.
     
  • Texas Tribune: To pull ahead in the microchip manufacturing race, Governor Greg Abbott approved the Texas CHIPS Act, which will create the Texas Semiconductor Innovation Fund, subsidizing companies that manufacture chips in Texas and provide matching funds to colleges, universities, and other state entities that invest in chip design and manufacturing.
     
  • CNN: The European Union took major steps towards regulating how companies can use AI by introducing the EU AI Act, which seeks to promote the uptake of human-centric and trustworthy AI and ensure a high level of protection.

Featured Podcast

DTNS

  • Daily Tech News Show
    The European Union’s European Parliament passed a draft law known as the AI Act – the first step toward a finalized law. Here are its main provisions. This year’s Reuters Institute Digital News Report shows that when it comes to news content, more than ever is being consumed through platforms… such as TikTok… over “legacy” media like newspapers and television. (AI Dangers Remain Unknown – June 14, 2023)