A U.S. judge ruled on Tuesday that Microsoft can proceed with its planned acquisition of videogame maker Activision Blizzard for $69 billion after the European Union (EU) approved the deal between the two gaming companies. Britain’s Competition and Markets Authority (CMA) objected to the deal in April, arguing that it hurts consumers and that it was…
FTC Argues Microsoft’s Deal to Buy Activision Should Be Blocked
WASHINGTON—The Federal Trade Commission (FTC) on Thursday argued in federal court for a preliminary injunction to temporarily block Microsoft’s acquisition of videogame maker Activision Blizzard, which would stop the deal from closing before the government’s case against it is heard by an administrative judge. “If this deal is completed, the combined company … is likely…
Microsoft’s Planned Activision Blizzard Merger Temporarily Blocked by US Judge
SAN FRANCISCO—Microsoft’s planned $69 billion purchase of video game company Activision Blizzard was blocked by a federal judge Tuesday, giving more time for an antitrust review of the deal. U.S. District Judge Jacqueline Scott Corley in San Francisco ruled in support of a temporary restraining order sought by the Federal Trade Commission that will stop…
Federal Trade Commission’s Call of Duty Maneuver Is Actually a Dereliction of It
Commentary The British antitrust cops just announced they will oppose the proposed blockbuster $68.7 billion merger of two American companies—Microsoft and gaming company Activision Blizzard, the owner of the wildly popular game Call of Duty. This decision is bad news for investors in companies, gamers and workers. But it’s very good news for America’s competitors…
Microsoft Deal With Activision Blizzard Investigated by UK Government
The UK’s Competition and Markets Authority (CMA) announced on Wednesday that it is investigating Microsoft’s acquisition of Activision Blizzard, a video game developer and publisher of interactive entertainment content. The CMA is considering whether the merger will result in a “substantial lessening of competition within any market or markets in the United Kingdom for goods…
Buffett’s Berkshire Bought Activision Shares Before Microsoft Takeover
Warren Buffett’s Berkshire Hathaway Inc. acquired nearly $1 billion of shares in Activision Blizzard Inc. before Microsoft Corp. agreed to buy the video game maker for $68.7 billion, according to a Monday regulatory filing. Berkshire said that as of Dec. 31, it owned 14.7 million shares worth about $975 million of the “Call of Duty”…
AT&T, Verizon to Delay Some 5G Deployment; Microsoft to Acquire Activision Blizzard | NTD Business
Microsoft is announcing plans to buy a major video game studio that would make it one of the biggest gaming companies in the world. AT&T and Verizon again agree to delay turning on 5G services at some airports, amid a standoff with the airline industry, which has warned about a “catastrophic” impact on thousands of flights. Oil…
Microsoft Buys ‘Candy Crush’ Owner for Almost $70 Billion, Its Largest-Ever Deal
LOS ANGELES—Microsoft is reportedly buying gaming company Activision Blizzard—which has been in turmoil over allegations of misconduct and unequal pay—for $68.7 billion, according to the Los Angeles Times. The deal will give Microsoft ownership of games like “Call of Duty” and “Candy Crush.” It will also provide a path for Microsoft to increase its presence…
How the Pandemic Helped a Video Game Giant Grow Its Bottom Line
Commentary The Southern California game maker that makes Call of Duty, World of Warcraft and Candy Crush reported a stand-out year for 2020. Net revenues for Activision Blizzard (ATVI) topped $8.1 billion for the first time and reached adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of more than $3.2 billion. Earnings per share…
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