In
announcing the hearing, the House Judiciary Committee, led by
Representative Jim Jordan, said it would focus on "mismanagement
of the FTC and its disregard for ethics and congressional
oversight" as well as "politicized rulemakings."
Khan's most recent loss came this week, when a federal judge
ruled that Microsoft could go forward with its $69 billion deal
to buy "Call of Duty" maker Activision Blizzard. The agency is
considering an appeal.
It was not the first loss for the agency under Khan. It also
lost a fight to stop Facebook parent Meta Platforms from buying
VR content maker Within Unlimited. In addition, an internal FTC
judge ruled for Illumina's purchase of Grail. That challenge was
initially brought under the Trump administration.
The agency has upcoming legal fights aimed at stopping
Intercontinental Exchange's $13.1 billion deal for Black Knight
and Amgen's purchase of Horizon Therapeutics for $27.8 billion.
Lawmakers are also expected to bring up the committee's requests
for documents regarding the agency's review of billionaire Elon
Musk's purchase of Twitter. Conservatives have accused social
media companies, including Twitter before it was acquired by
Musk, of seeking to stifle conservative voices.
(Reporting by Diane Bartz in Washington; Editing by Matthew
Lewis)
[© 2023 Thomson Reuters. All rights
reserved.] Copyright 2022 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
![](column_spacer.png)
|
|