Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick are among the witnesses planned for a five-day evidentiary hearing set to begin this week on the Federal Trade Commission’s legal bid to block the deal, according to a court filing on Tuesday. The FTC is seeking a preliminary injunction to block Microsoft from completing … Read more
New draft guidelines released by U.S. antitrust enforcers on Wednesday lay the groundwork for tougher scrutiny of planned mergers by Big Tech companies like Amazon and Alphabet’s Google. The Biden administration has taken a tougher stance on mergers, filing some aggressive challenges. It had two court losses just last week. Several challenges go before judges … Read more
The National Company Law Tribunal (NCLT) on Thursday allowed the merger of Zee Entertainment Enterprises and Culver Max Entertainment (earlier known as Sony Pictures Networks India). This order by the Mumbai bench, headed by H V Subba Rao and Madhu Sinha, will pave the way for the creation of a $10 billion (roughly Rs. 82,700 … Read more
India’s Zee Entertainment is making a final attempt to restart discussions with Japan’s Sony Group to revive their $10 billion (roughly Rs. 83,098 crore) merger deal which was scrapped on January 22, Indian business daily Economic Times reported on Tuesday, citing people aware of the matter. Representatives from both parties have been working to salvage … Read more