[ad_1] The US Federal Trade Commission on Thursday asked an appeals court to temporarily stop Microsoft’s $69 billion (nearly Rs. 5,67,00 crore) acquisition of video game maker Activision Blizzard, hours after a federal judge rejected a similar request. The deal is facing varying responses around the world from regulators. [ad_2] Source link
[ad_1] A US federal court on Thursday rejected the Federal Trade Commission’s (FTC) request that it order Microsoft to temporarily hold off on closing its $69 billion (roughly Rs. 5,65,480 crore) purchase of Call of Duty maker Activision Blizzard, a court filing showed. A federal judge had previously ruled for Microsoft on Tuesday, saying the … Read more
[ad_1] The US Federal Trade Commission (FTC) said on Wednesday it was appealing a federal judge’s ruling that Microsoft could go forward with its $69 billion purchase of Call of Duty maker Activision Blizzard. Microsoft’s victory in court on Tuesday, and a subsequent climbdown by Britain’s competition authority, brought the tech giant two steps closer … Read more
[ad_1] Britain’s competition regulator said on Wednesday a restructured deal between Microsoft and Activision Blizzard could satisfy its concerns, subject to a new investigation, a climbdown in its opposition to the biggest gaming deal in history. The Competition and Markets Authority (CMA) became the first regulator to block the $69 billion (nearly Rs. 5,65,750 crore) … Read more
[ad_1] Microsoft cleared major hurdles to its plan to buy videogame maker Activision Blizzard on Tuesday, after a US judge gave a thumbs-up to the $69 billion (roughly Rs. 5,65,480 crore) deal and a British regulator suggested it could reconsider its opposition. Activision shares surged 10 percent on the day, as the US and Britain … Read more
[ad_1] Microsoft believes that Sony PlayStation will release a PS5 Slim model, later this year. New court documents from the ongoing trial between Xbox parent company Microsoft and the US FTC indicate that the tech giant expects rival Sony to unveil the long-rumoured less-expensive PS5 model at a price tag of $399.99 (about Rs. 32,825). … Read more
[ad_1] Canada’s Department of Justice has concluded that Microsoft’s deal to buy Call of Duty maker Activision Blizzard “is likely to” lead to less competition in some aspects of gaming, according to a court filing on Thursday. In a letter dated Wednesday to Microsoft’s US lawyers, the department said it had communicated to Microsoft’s and … Read more
[ad_1] Activision Blizzard said its studio that developed Call of Duty would set up shop in Barcelona, putting into action its pledge to invest in Europe after Brussels approved Microsoft’s $69 billion (nearly Rs. 5,66,000 crore) acquisition of the company in May. The US company said on Wednesday its game developer Infinity Ward, which created the … Read more
[ad_1] PlayStation boss Jim Ryan has claimed that video game publishers unanimously agree that Xbox Game Pass is “value destructive.” As part of the ongoing trial involving Xbox parent Microsoft and the US FTC, Ryan appeared in a pre-recorded video deposition, addressing his concerns regarding Microsoft’s $69 billion (about Rs. 5,66,128 crore) acquisition of Activision … Read more
[ad_1] Microsoft was looking to acquire gaming giants such as Sega, Bungie, and Niantic in the past few years, court documents from the ongoing FTC trial over Xbox parent’s Activision Blizzard acquisition revealed. The emails, as reviewed by The Verge, detailed that in November 2020, Xbox chief Phil Spencer wrote to Microsoft CEO Satya Nadella … Read more
