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Microsoft closes in on Activision deal after Britain signals approval
Economic Times
·
1y ago
Medial
Microsoft is nearing a deal to acquire gaming company Activision after receiving approval from the UK, signaling a significant move in the gaming industry. The deal is expected to strengthen Microsoft's position in gaming, as it continues to compete with rivals Sony and Nintendo. Activision owns popular gaming franchises such as Call of Duty and Candy Crush, making it an attractive acquisition target for Microsoft.
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UK's handling of Microsoft deal sows doubts over post-Brexit direction
Economic Times
·
1y ago
Medial
The long-running battle between Microsoft and Britain over the Activision Blizzard deal took another twist on Tuesday, raising more questions than answers about the country's approach to deals in the post-Brexit era.
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UK antitrust regulator clears Microsoft's acquisition of Activision
Economic Times
·
1y ago
Medial
Microsoft's acquisition of Activision Blizzard has been cleared by Britain's antitrust regulator after concerns were addressed. The deal was initially blocked in April due to concerns over Microsoft gaining too much control in the cloud gaming market. However, Microsoft offered remedies and concessions to ensure enforceability, leading to the approval. The regulator praised Microsoft's concession on streaming, stating that it prevents the tech giant from monopolizing the cloud gaming market. The acquisition is expected to benefit players and the global gaming industry.
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US antitrust enforcer says pressing on with fight against Microsoft/Activision deal
Economic Times
·
1y ago
Medial
The US Federal Trade Commission (FTC) is persisting with its opposition to Microsoft's $69 billion deal to acquire Activision, and it will also evaluate Microsoft and Activision's agreement with Ubisoft. The companies completed their deal after receiving approval from UK regulators with the condition that streaming rights to Activision's games be sold to Ubisoft to address competition concerns. The FTC has an upcoming argument scheduled before an appeals court and continues to view the deal as a threat to competition.
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Microsoft spent two years trying to buy Activision Blizzard, for Xbox CEO, that was the easy part
Economic Times
·
1y ago
Medial
Xbox CEO Phil Spencer finally closed the $69 billion deal to acquire game-maker Activision Blizzard. This marks a career-defining moment for Spencer, as Microsoft aims to catch up with rival Sony's PlayStation. The acquisition comes after Microsoft faced opposition from antitrust regulators and rivals. Activision Blizzard CEO Bobby Kotick is helping with the transition until the end of the year. Microsoft's integration of Activision's business and addressing workplace challenges will be crucial for their long-term competitiveness.
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Microsoft CEO Satya Nadella can be questioned in gamers' Activision deal lawsuit
Economic Times
·
1y ago
Medial
Microsoft CEO Satya Nadella may be questioned in a lawsuit regarding the company's acquisition of gaming company Activision. The lawsuit alleges that Microsoft's $70 billion deal to buy Activision was done to benefit insiders and that it undervalued the company. Nadella's involvement in the deal may be examined during the legal proceedings.
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Microsoft nears takeover of 'Call of Duty' maker Activision
Economic Times
·
1y ago
Medial
Microsoft is close to finalizing its $69 billion acquisition of video game company Activision Blizzard, after UK regulators dropped their objections. The acquisition would make Microsoft the world's third-largest gaming company by revenue. The original deal was blocked in April by the UK's Competition and Markets Authority over concerns about competition in the cloud gaming sector. However, Microsoft submitted a new bid that addressed these concerns. The deal is expected to close by October 18.
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Microsoft pushes to get Activision deal done with fresh UK offer
Livemint
·
1y ago
Medial
Activision Blizzard proposes to sell its streaming rights to Ubisoft Entertainment in a fresh attempt to win approval from UK Competition and Markets Authority for its $69 billion sale to Microsoft
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US FTC tries again to stop Microsoft's already-closed deal for Activision
Economic Times
·
1y ago
Medial
The US Federal Trade Commission (FTC) is making another attempt to halt Microsoft's $69 billion acquisition of Activision Blizzard, arguing that the federal judge's ruling was incorrect. The FTC claims that the judge held the agency to too high a standard and is expected to argue that the judge was wrong to rely on previous deals Microsoft made with rivals. The legal battle is part of the Biden administration's broader efforts to challenge mergers and price hikes. The judge's ruling allowed Microsoft to close the deal in October, with approval from EU and UK regulators.
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Broadcom closes $69 billion VMware deal after China approval
Economic Times
·
1y ago
Medial
Broadcom has successfully closed its $6.9 billion deal to acquire VMware after getting approval from China's regulatory authorities. The acquisition is expected to bolster Broadcom's position in the growing software and cloud services market.
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Britain says may clear restructured Microsoft-Activision deal
Economic Times
·
1y ago
Medial
The UK's antitrust regulator, the Competition and Markets Authority (CMA), has indicated that Microsoft's restructured acquisition of Activision Blizzard has addressed previous concerns, potentially paving the way for the deal to be cleared. The CMA had initially blocked the $69 billion acquisition due to concerns about Microsoft's control in the cloud gaming market. However, Activision Blizzard's agreement to sell its streaming rights to Ubisoft Entertainment is seen as addressing these concerns. Microsoft has also offered remedies to ensure the terms of the sale are enforceable by the CMA, and the regulator is now consulting on these remedies.
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