Starting tomorrow (Sep. 12), Google, the world’s leading search engine, must demonstrate that it is not abusing its dominant position in the industry to harm its competitors. In October 2020, the US Department of Justice (DoJ) filed a civil antitrust lawsuit against Google for monopolizing search and search advertising. The attorneys general of 35 states, …
Microsoft has announced that it has reached an agreement with Ubisoft Entertainment to allow the distribution of Activision Blizzard games, a strategic move aimed at gaining approval from British antitrust regulators. These regulators have been delaying Microsoft’s $75 billion acquisition of Activision Blizzard, the well-known maker of popular video games like “Call of Duty,” “Guitar …
Microsoft has made changes to its $69 billion agreement to acquire game developer Activision Blizzard in order to appease U.K. regulators and secure approval. The restructuring, announced on Tuesday, grants cloud gaming rights to Ubisoft, allowing them to distribute games through cloud streaming. As part of the agreement, Ubisoft will compensate Microsoft for these streaming …
The Federal Trade Commission (FTC) has taken a new approach in its battle against Microsoft’s $75 billion acquisition of game-maker Activision. The agency has withdrawn its case before an in-house judge, a move that signifies a setback in their pursuit to block the deal. Previously, the FTC’s attempts to halt the transaction were denied by …
In an unprecedented move, Activision Blizzard and Microsoft have agreed to extend the deadline for their monumental $75 billion deal by an additional three months, now set to close on October 18. This extension was necessitated by the companies’ ongoing efforts to secure approval from UK regulators, which became a crucial step due to recent …
Microsoft’s acquisition of Activision Blizzard, a video game company, has hit regulatory hurdles from US and UK authorities, resulting in an extension of the deadline for the $69 billion deal. The new deadline has been pushed to October 18, allowing more time for the companies to address the remaining regulatory issues. Brad Smith, president …
A group of twenty-two Republican lawmakers have called on the Federal Trade Commission (FTC) to abandon its opposition to Microsoft’s proposed acquisition of Activision Blizzard. In a letter addressed to FTC Chair Lina Khan and two commissioners, the lawmakers argued that the deal is beneficial for competitiveness and urged the FTC to drop its objections. …
Warren Buffett’s investment firm, Berkshire Hathaway, made a decision to sell 70% of its shares in Activision Blizzard during the second quarter. Although they may have missed out on some gains due to a federal judge’s approval of Microsoft’s $75 billion acquisition of the video game company, the move highlights a strategic decision by Buffett. …
The London tribunal has officially paused Microsoft’s appeal against Britain’s block on its $75 billion takeover of Activision Blizzard, granting the parties more time to resolve the dispute. Microsoft, Activision, and Britain’s Competition and Markets Authority (CMA) have all requested a two-month stay of the case while the CMA considers a modified deal proposed by …
A U.S. appeals court has dismissed federal regulators’ attempt to block Microsoft’s $68.7 billion acquisition of Activision Blizzard, allowing the tech giant to proceed with the biggest deal in tech history. The court concluded that there were no grounds to prevent Microsoft from finalizing its nearly two-year-old deal. If the deal is not completed by …