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Microsoft attempt to buy Call of Duty could go ahead after major new development
Microsoft attempt to buy Call of Duty could go ahead after major new development
Microsoft’s attempt to buy the developer of Call of Duty in the biggest tech deal ever may be pressing ahead. A judge ruled that Microsoft could go ahead with its purchase of Activision, despite objections from its rival PlayStation. The US Federal Trade Commission had attempted to block the deal amid fears that it could limit competition in gaming. But the court said that it would not stop the deal. Now the UK’s Competition and Markets Authority, which originally blocked the deal earlier this year, said that it would consider new proposals from Microsoft that might make the deal reach approval in the UK, too. “After today’s court decision in the US, our focus now turns back to the UK,” said Brad Smith, vice chair and president at Microsoft. “While we ultimately disagree with the CMA’s concerns, we are considering how the transaction might be modified in order to address those concerns in a way that is acceptable to the CMA. “In order to prioritize work on these proposals, Microsoft and Activision have agreed with the CMA that a stay of the litigation in the UK would be in the public interest and the parties have made a joint submission to the Competition Appeal Tribunal to this effect.” The deal would be the largest for Microsoft and the biggest in the history of the videogame business. In its arguments, the FTC has said Microsoft would be able to use the Activision games to leave rival console makers like Nintendo and market-leader Sony Group out in the cold. Microsoft President Brad Smith tweeted that the company was “grateful” for the “quick and thorough” decision. “Our merger will benefit consumers and workers. It will enable competition rather than allow entrenched market leaders to continue to dominate our rapidly growing industry,â€Â Bobby Kotick, Activision Blizzard CEO, said in a statement. The FTC’s complaint had cited concerns about loss of competition in console gaming, as well as subscriptions and cloud gaming. To address the FTC’s concerns, Microsoft agreed to license “Call of Duty” to rivals, including a 10-year contract with Nintendo, contingent on the merger closing. During the five-day trial in June, Microsoft CEO Satya Nadella argued the company would have no incentive to shut out Sony’s PlayStation or other rivals in order to sell more Microsoft Xbox consoles. At issue in the Microsoft-Activision deal is leadership in a gaming market whose sales are expected to increase by 36% over the next four years to $321 billion, according to a PwC estimate. And while much of the testimony in the recent trial focused on “Call of Duty,” Activision produces other bestsellers like “World of Warcraft,” “Diablo” and the mobile game “Candy Crush Saga.” Additional reporting by Reuters Read More Microsoft Teams stops working in the middle of the working day Scientists invent cloak inspired by Roman god that could help us live on Mars Record-breaking sugar battery could supercharge transition to renewable energy Scientists invent cloak inspired by Roman god that could help us live on Mars Record-breaking sugar battery could supercharge transition to renewable energy Why the Battle of the Boyne has made its way into your iPhone
2023-07-12 00:50
Bentley Systems’ iTwin Ventures Acquires Blyncsy, Breakthrough Innovator in AI Services for Transportation Operations and Maintenance
Bentley Systems’ iTwin Ventures Acquires Blyncsy, Breakthrough Innovator in AI Services for Transportation Operations and Maintenance
EXTON, Pa.--(BUSINESS WIRE)--Aug 14, 2023--
2023-08-15 04:16
OMNIVISION Adds Two New Products to Its Broad Family of Global Shutter Sensors for Automotive In-Cabin Applications
OMNIVISION Adds Two New Products to Its Broad Family of Global Shutter Sensors for Automotive In-Cabin Applications
SANTA CLARA, Calif.--(BUSINESS WIRE)--Jun 19, 2023--
2023-06-19 21:21
Tinder's background check partner Garbo has ended the relationship
Tinder's background check partner Garbo has ended the relationship
Garbo, a nonprofit platform focused on promoting safety and preventing harm online, has ended its
2023-08-22 01:17
Block out the noise with 17% off Bose QuietComfort headphones
Block out the noise with 17% off Bose QuietComfort headphones
Our top picks Best earbud deal Bose QuietComfort Earbuds II $249 at Amazon (save $50)
2023-07-29 00:26
The 48 Biggest Summer Blockbusters of the Past Half Century
The 48 Biggest Summer Blockbusters of the Past Half Century
From ‘Jaws’ to ‘Top Gun: Maverick,’ here are the biggest summer blockbusters since 1975.
2023-05-27 00:23
Slack down: Chat app stops working in the middle of the day, leaving colleagues unable to chat
Slack down: Chat app stops working in the middle of the day, leaving colleagues unable to chat
Slack, the popular workplace chat app, has broken in the middle of the day. The outage means that colleagues are unable to talk to each other. Attempting to send messages showed an error that indicated they had not been delivered – though users were still able to see old conversations. Many of the world’s biggest companies rely on Slack to connect colleagues both within and across companies. As many workplaces have gone at least partly remote, it is now a significant part of workplace communication. The outage began around 10am UK time on Thursday. Tracking website Down Detector showed a rapid spike in the number of reports of problems. The official Slack status page had not been updated at the time of publication. It had also not posted on its official Twitter accounts, which it sometimes uses to provide updates on outages. Read More Elon Musk’s Twitter rebrand ‘blocked in Indonesia’ Elon Musk takes control of @X account from user who had held it for 16 years Elon Musk’s ‘X’ is already trademarked by Mark Zuckerberg
2023-07-27 17:55
Occidental buys carbon air capture tech firm for $1.1 billion
Occidental buys carbon air capture tech firm for $1.1 billion
By Sabrina Valle and Sourasis Bose (Reuters) -U.S. oil and gas producer Occidental Petroleum on Tuesday agreed to pay $1.1
2023-08-16 06:46
Horizon Forbidden West shifts 8.4 million units
Horizon Forbidden West shifts 8.4 million units
Guerrilla Games is celebrating the impressive sales of 'Horizon Forbidden West'.
2023-05-10 20:18
Russians Appeared to Seek Refuge in Crypto During Wagner Revolt
Russians Appeared to Seek Refuge in Crypto During Wagner Revolt
Russians appeared to have sought to exchange rubles for the crypto stablecoin Tether as a refuge during the
2023-06-27 02:59
Uber Working on TaskRabbit-Like Service in Potential Expansion
Uber Working on TaskRabbit-Like Service in Potential Expansion
Uber Technologies Inc. is working on a TaskRabbit-like service that will let app users hire people to conduct
2023-09-09 05:23
Lina Khan's rise was heralded as an antitrust revolution. Now she has to pull it off
Lina Khan's rise was heralded as an antitrust revolution. Now she has to pull it off
When the Federal Trade Commission and 17 states sued Amazon last month in a landmark antitrust case, Lina Khan, chair of the FTC, described it as a "cutting-edge" lawsuit that captures "state-of-the-art thinking" about modern monopolies in the tech industry.
2023-10-16 17:54