The US Federal Trade Commission (FTC) is likely to file an antitrust lawsuit to block Microsofts $69 billion (roughly Rs. 5,63,500 crore) takeover bid for video game publisher Activision Blizzard, Politico reported on Wednesday, citing people familiar with the matter. A lawsuit challenging the deal is not guaranteed, and the FTC’s four commissioners have yet to vote out … Read more
The Biden administration on Thursday moved to block Microsoft’s $69 billion (roughly Rs. 5,66,800 crore) bid to buy Call of Duty maker Activision Blizzard, throwing a stumbling block in front of the tech giant’s plans to rapidly expand its portfolio of popular games and catch up to bigger rivals. Microsoft, which owns the Xbox console … Read more
Microsoft was hit on Tuesday in US court with a private consumer lawsuit claiming the technology company’s $69 billion (roughly Rs. 5,71,200 crore) bid to purchase Call of Duty maker Activision Blizzard will unlawfully squelch competition in the video game industry. The complaint filed in federal court in California comes about two weeks after the … Read more
Microsoft Corp (MSFT.O) is expected to secure EU antitrust approval for its $69 billion (roughly Rs. 5,68,094 crore) acquisition of Activision (ATVI.O) with its offer of licensing deals to rivals, three people familiar with the matter said, helping it to clear a major hurdle. Microsoft announced the Activision bid in January last year, its biggest ever, to … Read more
Microsoft said it would license Activision Blizzard’s Call of Duty (CoD) to Sony for 10 years to address concerns raised by Britain over its $69 billion (roughly Rs. 5,65,300 crore) takeover of the games maker, according to a document published by the regulator. Microsoft last month struck a similar deal with Nvidia’s gaming platform, dependent … Read more
Microsoft Corp’s remedies to address European Union antitrust concerns over its $69 billion acquisition of Activision focus only on cloud gaming services, with no mention of rival Sony, people familiar with the matter said on Monday. The U.S. software giant has been trying to allay the Commission’s concerns that the deal may reduce competition for … Read more
Britain will block Microsoft’s $69 billion (roughly Rs.5,64,000 crore) acquisition of Call of Duty maker Activision Blizzard over its concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country’s antitrust regulator said on Wednesday that Microsoft’s commitment to offer access to Activision’s multi-billion dollar Call of … Read more
For all the thunder about Xbox versus PlayStation, it was the nascent cloud market that led to Britain’s surprise decision to block Microsoft’s record Activision Blizzard takeover. Microsoft has been working for months to satisfy concerns about the $69 billion (roughly Rs. 5,64,700 crore) deal raised by Britain’s Competition and Markets Authority (CMA), which has been … Read more
The EU on Monday gave the green light to Microsoft’s $69-billion (roughly Rs. 5,65,480 crore) takeover bid for US video game giant Activision Blizzard, just weeks after the British competition regulator put the deal at risk by blocking it. The deal is also under threat in the US giant’s homeland, where last year the Federal … Read more
Microsoft is challenging Britain’s decision to block its $69 billion takeover of Call of Duty maker Activision Blizzard on the grounds of “fundamental errors” in the assessment of Microsoft’s cloud gaming services. Britain’s anti-trust regulator, the Competition and Markets Authority (CMA), vetoed the deal in April, saying it could hurt competition in the nascent cloud gaming … Read more