Xbox parent Microsoft successfully completed its $75 billion acquisition of Activision Blizzard, a major video game company, on Friday, despite ongoing opposition from the Federal Trade Commission (FTC). This acquisition is the largest in the history of the video game industry. Earlier in the day, the UK’s Competition and Markets Authority (CMA) dropped its opposition, …
British competition regulators have given preliminary approval to Microsoft’s restructured $69 billion deal to acquire video game maker Activision Blizzard. This approval is a significant step forward for one of the largest tech transactions in history. The Competition and Markets Authority has stated that the updated proposal addresses previous concerns about stifling competition in the …
The USFL and XFL are reportedly in talks to merge and create a single spring league, as per various reports. The goal is to finalize the deal, pending regulatory approval, before the start of the 2024 season. While neither league has commented on the rumors, Axios was the first to report on the potential merger. …
Subway’s recent $9.6 billion deal to sell itself to Roark Capital could face more antitrust scrutiny than initially expected. One major area of concern is the strict competitive rules that Subway has imposed on its franchisees. Roark Capital already owns several other fast-food chains, including Dunkin Brands, Arby’s, Sonic Drive-In, Schlotzky’s, and Jimmy John’s. If …
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 The agency has withdrawn its case before an in-house judge, a move that signifies a setback in their pursuit to block the deal.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 …
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 …
French tycoon François-Henri Pinault, the CEO of luxury fashion house Kering, is currently engaged in advanced negotiations to acquire a majority stake in Hollywood talent agency Creative Artists Agency (CAA), as reported. CAA, which represents esteemed actors such as George Clooney, Brad Pitt, and Scarlett Johansson, is supported by private equity firm TPG. Insiders familiar …