{"id":1927146,"date":"2023-05-09T05:57:30","date_gmt":"2023-05-09T09:57:30","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-european-tech-regulators-set-the-rules-for-us-giants\/"},"modified":"2023-05-09T06:02:35","modified_gmt":"2023-05-09T10:02:35","slug":"how-european-tech-regulators-set-the-rules-for-us-giants","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-european-tech-regulators-set-the-rules-for-us-giants\/","title":{"rendered":"EU tech regulators dictate rules for US giants."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhow-european-tech-regulators-set-the-rules-for-us-giants%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1927146&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>UK Regulator Blocks Microsoft&#8217;s Acquisition of Activision-Blizzard<\/h2>\n<p>The recent decision by the United Kingdom&#8217;s Competition and Markets Authority to block Microsoft&#8217;s $68.7 billion acquisition of Activision-Blizzard has put the sale on hold, illustrating how antitrust decisions in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/president-trumps-executive-order-on-foreign-interference-in-elections-comes-due-today-things-are-going-to-get-real-real-soon\/\" title=\"President Trump\u2019s Executive Order On Foreign Interference in Elections Comes Due Today \u2013 Things Are Going to Get Real \u2013 Real Soon\">foreign nations<\/a> can affect the economy of the United States. The combined company would have a monopoly over cloud gaming, which is why the UK regulator blocked the acquisition. While Microsoft is expected to appeal the decision, the repercussions of the decision, for now, reach worldwide.<\/p>\n<h3>Antitrust Enforcement in the US and Europe<\/h3>\n<p>The action also illustrates the move in the United States away from the &#8220;consumer welfare&#8221; standard that has underpinned <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-vote-down-chip-roy-amendment-to-prevent-ftc-from-using-funds-to-promote-crt\/\" title=\"Dems Vote Down Chip Roy Amendment To Prevent FTC From Using Funds To Promote CRT\">antitrust enforcement<\/a> for four decades and toward a model closer to that in use in the U.K. and European Union. There are two distinct approaches when it comes to the application of antitrust law. For the previous 40 years, under Republican and Democratic leaders, U.S. antitrust enforcers focused specifically on how deals affected the consumer. However, FTC Chairwoman Lina Khan has been challenging this interpretation since her appointment by President Joe Biden. Khan is considered a leader of the &#8220;hipster antitrust&#8221; movement, which looks beyond the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ftc-expands-its-power-to-penalize-powerful-companies\/\" title=\"FTC Expands Its Power to Penalize Powerful Companies\">consumer welfare standard<\/a> and considers the effects of a given transaction on corporate concentration, income inequality, and other variables.<\/p>\n<h3>Shared Skepticism of Mergers<\/h3>\n<p>The shared skepticism of mergers between the U.S. and European regulators has led Khan&#8217;s critics to raise the fear that they are engaging in undue coordination. The U.S. Chamber of Commerce asked the White House in April to intervene against the FTC and the Department of Justice on the grounds that they were &#8220;preparing to help <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-european-tech-regulators-set-the-rules-for-us-giants\/\" title=\"EU tech regulators dictate rules for US giants.\">foreign governments implement protectionist policies<\/a> that directly harm U.S. companies.&#8221;<\/p>\n<h3>Impact on Apple<\/h3>\n<p>The influence of European policy can be seen through how a company responds to two contrasting orders regarding from regulators there and in the U.S., Westling said, such as in the case of the E.U. decision earlier this year to force Apple to allow third-party app providers, or sideloading, through the Digital Markets Act. The decision would go contrary to the 2021 Epic v. Apple court decision, in which a federal judge in California ruled that the Big Tech platform was not maintaining a monopoly by keeping its App Store regulated. It is unclear if Apple will only allow sideloading in the E.U. or if it will do so in the United States, but Westling said that the E.U. decision would usurp the California one if it did.<\/p>\n<h3>Conclusion<\/h3>\n<p>It&#8217;s unclear how the U.K. block of the Microsoft acquisition will affect the FTC&#8217;s case against Microsoft. The two cases deal with two different aspects of the deal, even if they are related to the same deal. The impact of antitrust decisions in foreign nations on the U.S. economy is becoming increasingly apparent, and it remains to be seen how this will affect future mergers and acquisitions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A British regulator&#8217;s decision to block Microsoft&#8217;s acquisition of the gaming company that makes Call of Duty has put the sale on hold, illustrating how antitrust decisions in foreign nations affect the economy of the United States. The United Kingdom&#8217;s Competition and Markets Authority announced last month that it was blocking Microsoft&#8217;s $68.7 billion acquisition<\/p>\n","protected":false},"author":1,"featured_media":1927147,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[21366,8357,9830,3807,4989],"class_list":["post-1927146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-dictate","tag-giants","tag-regulators","tag-rules","tag-tech"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1927146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1927146"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1927146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1927147"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1927146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1927146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1927146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}