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Kroger Company/Albertsons Companies, Inc., In the Matter of
The Â鶹´«Ã½ Trade Commission sued to block the largest proposed supermarket merger in U.S. history—Kroger Company’s $24.6 billion acquisition of the Albertsons Companies, Inc.—alleging that the deal is anticompetitive.
Statement on FTC Victory Securing Halt to Kroger, Albertsons Grocery Merger
Tapestry, Inc./Capri Holdings Limited, In the Matter of
Statement Regarding Union Health’s COPA Application Withdrawal
Microsoft/Activision Blizzard, In the Matter of
The Â鶹´«Ã½ Trade Commission authorized an administrative complaint against the proposed merger between Microsoft Corp. and Activision Blizzard, Inc., a video game developer that creates and publishes games such as Call of Duty, World of Warcraft, Diablo, and Overwatch. Microsoft sells the Xbox gaming console and also offers a video game subscription service called Xbox Game Pass, as well as a cloud-based video game streaming service. The agency alleges that the deal would enable Microsoft to suppress competitors to its Xbox gaming consoles and its rapidly growing subscription and cloud-gaming business. The Commission withdrew the matter from adjudication in July 2023, and returned it to adjudication on September 26, 2023. The evidentiary hearing will commence 21 days after the issuance of the district court's decision in FTC v. Microsoft.
FTC Announces Tentative Agenda for November 14 Open Commission Meeting
Tempur Sealy International, Inc. and Mattress Firm Group Inc., In the Matter of
The Â鶹´«Ã½ Trade Commission moved to block Tempur Sealy International, Inc.’s (Tempur Sealy) proposed $4 billion acquisition of Mattress Firm Group Inc. (Mattress Firm).
The Commission issued an administrative complaint and authorized a lawsuit in federal court to block the acquisition, alleging that Tempur Sealy—the world’s largest mattress supplier and manufacturer—will have the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers once it acquires Mattress Firm.