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Microsoft revised deal to buy Call of Duty maker Activision cleared by watchdog
Microsoft revised deal to buy Call of Duty maker Activision cleared by watchdog
Microsoft has been given approval to buy Call of Duty developer Activision, clearing the way for one of the biggest ever tech deals. The Competition and Markets Authority (CMA) said the Xbox owner could go ahead with the takeover after agreeing to buy Activision without cloud gaming rights. It puts an end to a half-year long battle between the watchdog and Microsoft, having moved to block the deal in April. But businesses and their advisors should be in no doubt that the tactics employed by Microsoft are no way to engage with the CMA Sarah Cardell, CMA's chief executive The new deal, which was initially worth 69 billion US dollars (£56.6 billion at the current exchange rate), will stop Microsoft from having a “stranglehold” over the UK cloud gaming market, the CMA said. The regulator said it would preserve competitive prices for gamers and make sure consumers get more choice. Assassin’s Creed video game maker Ubisoft is set to buy Activision’s cloud gaming rights instead. But the CMA criticised Microsoft for “dragging out” proceedings during its investigation into the merger. Sarah Cardell, the CMA’s chief executive, said: “With the sale of Activision’s cloud streaming rights to Ubisoft, we’ve made sure Microsoft can’t have a stranglehold over this important and rapidly developing market. “But businesses and their advisors should be in no doubt that the tactics employed by Microsoft are no way to engage with the CMA. “Microsoft had the chance to restructure during our initial investigation but instead continued to insist on a package of measures that we told them simply wouldn’t work. “Dragging out proceedings in this way only wastes time and money.” Brad Smith, the president of Microsoft, said the group is “grateful” for the decision to approve the acquisition which he believes will “benefit players and the gaming industry worldwide”. Additional reporting by agencies Read More Incels using TikTok to spread ‘hateful beliefs’, research suggests Duke and Duchess of Sussex call for overhaul of social media Google to trial AI in UK traffic light systems to reduce stop-and-go emissions Broadband customers face £150 hikes because of ‘outrageous’ rises – Which? Rise of AI chatbots ‘worrying’ after man urged to kill Queen, psychologist warns William hails ‘amazing’ eco-friendly start-up businesses
2023-10-13 15:28
How to Get Bloodset in Escape from Tarkov
How to Get Bloodset in Escape from Tarkov
To get Bloodset in Escape from Tarkov, players can either craft one or find one in a medcase, ground cache, sport bag, or medical supply crate.
2023-08-17 00:29
How to earn $20 in credits for your Amazon Prime Day order
How to earn $20 in credits for your Amazon Prime Day order
Amazon will literally pay you to shop this Prime Day. No, really. For the second
2023-06-22 00:25
Elon Musk booed at video games contest as crowds shout: ‘Bring back Twitter!’
Elon Musk booed at video games contest as crowds shout: ‘Bring back Twitter!’
Elon Musk, the owner of X – formerly known as Twitter – was booed at a video game contest in Los Angeles. The audience at Valorant World Championship Final on Saturday did not seem to like Mr Musk’s takeover of the social media platform, which he then renamed. As soon as the cameras showed him, he was met with a cacophony of boos. Mr Musk was attending the tournament with one of his sons, Insider reported. A clip of the event has ironically garnered over 14m views on Mr Musk’s social media platform. “Where is that from? That can’t be from in here, surely,” one of the commentators said amid the booing after the camera aired a brief shot of the Tesla and SpaceX founder. Even after the camera returned to focus on the game play, the crowd continued to boo. Then people started chanting in unison: “Bring back Twitter!” People on X weighed in on what it means to elicit such a reaction at a video game tournament. One X user wrote: “Getting booed by Valorant players is like getting wedgies by the anime club in middle school.” Another user remarked, “Lol we want a new logo,” seemingly blasting the black “X” that replaced the blue bird as the platform’s logo. Yet another said that the boos weren’t that bad: “That was actually a very sweet chant compared to all the other things they could of chanted.” The X owner has faced consistent criticism over the changes he has made to the popular and influential social media platform since his takeover last year. On top of unhappiness over the policy changes, Mr Musk was also blasted over his decision to rebrand the site from the household name Twitter to a simple X. Last month, a giant “X” sign appeared above the company’s headquarters in San Francisco, sparking an investigation; the sign has since been taken down. This wasn’t the first harsh rebuke Mr Musk faced last week; the Justice Department sued his company, SpaceX, accusing it of hiring discrimination. Read More Elon Musk’s SpaceX sued over allegations of hiring discrimination Elon Musk’s X took two days to remove account where Laura Carleton’s killer spewed anti-LGBT+ hate Musk admits X may be doomed to fail as new glitch wipes out pictures from former Twitter platform Florida Gov. Ron DeSantis faces Black leaders' anger after racist killings in Jacksonville Trump misleadingly claims 250 million viewers watched his Tucker Carlson interview Trump insists ‘I LOVE TRUTH SOCIAL’ after making return to Twitter with mug shot
2023-08-30 02:18
What's Final Fantasy XIV's Max Level in 2023?
What's Final Fantasy XIV's Max Level in 2023?
Will we finally be able to reach level 100 in Final Fantasy XIV?
2023-06-27 01:55
Carbon Tax for Ships Is Supported by 22 Countries at Paris Summit
Carbon Tax for Ships Is Supported by 22 Countries at Paris Summit
More than 20 countries backed a charge on the shipping industry’s greenhouse gas emissions at a global finance
2023-06-24 00:48
Threads now has 'tens of millions' of daily users. But its honeymoon phase may be over
Threads now has 'tens of millions' of daily users. But its honeymoon phase may be over
Two weeks after Meta launched its Twitter competitor Threads and received an unprecedented amount of user signups, the frenzy around the app appears to have come back to Earth.
2023-07-20 02:17
Australia to Significantly Bolster Green Energy Investment
Australia to Significantly Bolster Green Energy Investment
Australia plans to dramatically expand its policy to lure renewable energy investment to the country, Climate and Energy
2023-11-23 16:27
Villanova University Names Raymond D. Duffy Vice President for Human Resources
Villanova University Names Raymond D. Duffy Vice President for Human Resources
VILLANOVA, Pa.--(BUSINESS WIRE)--Jun 21, 2023--
2023-06-22 01:59
China Seeks to Broaden iPhone Ban to State Firms and Agencies
China Seeks to Broaden iPhone Ban to State Firms and Agencies
China plans to expand a ban on the use of iPhones in sensitive departments to government-backed agencies and
2023-09-07 13:26
KRAFTON Globally Launches Defense Derby: Reinventing the Tower Defense Experience
KRAFTON Globally Launches Defense Derby: Reinventing the Tower Defense Experience
SEOUL, South Korea--(BUSINESS WIRE)--Aug 2, 2023--
2023-08-03 11:15
Precision Cancer Consortium Teams Up with Massive Bio to Utilize AI Analytics and Enhance Clinical Trial Matching for Cancer Patients Worldwide
Precision Cancer Consortium Teams Up with Massive Bio to Utilize AI Analytics and Enhance Clinical Trial Matching for Cancer Patients Worldwide
NEW YORK--(BUSINESS WIRE)--Jun 2, 2023--
2023-06-02 20:27