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3 mentions found


☆ What challenges does Microsoft's $69 bln Activision deal face?
  + stars: | 2023-02-22 | by ( Foo Yun Chee Chavi Mehta | Foo Yun Chee | Chavi Mehta | ) www.reuters.com   time to read: +4 min
WHAT IS THE ACTIVISION DEAL? A group of 10 gamers in the United States has filed a private consumer antitrust lawsuit over the deal. Both companies have signed 10-year licensing deals that will bring Call of Duty to their gaming platform if the Activision deal is approved. Spain's Nware also signed a 10-year deal to bring Xbox and Activision Blizzard games to the Spanish cloud-gaming platform. Microsoft's Smith said the company would fight the FTC's request to block the deal.
Persons: Tencent, Martin Coleman, Brad Smith, Smith, Spain's Nware, Meta, Microsoft's Smith, Foo Yun Chee, Aurora Ellis, Maju Samuel Organizations: U.S . Federal Trade Commission, Microsoft, Activision, ACTIVISION, HK, Sony, U.S . FTC, Britain's, Markets, FTC, Nintendo, Sony Group, CMA, Commission, WHO, United States, May, Games Development, UNI Global Union, Nvidia, MICROSOFT, Britain, NINTENDO, NVIDIA, Xbox, Activision Blizzard, Antitrust, Facebook, Thomson Locations: metaverse, U.S, United, Brazil, Chile, Serbia, Saudi Arabia
☆ Adobe will need EU okay to acquire Figma, regulators say
  + stars: | 2023-02-15 | by ( Foo Yun Chee Chavi Mehta | Foo Yun Chee | Chavi Mehta | ) www.reuters.com   time to read: +2 min
Feb 15 (Reuters) - Adobe Inc (ADBE.O) will need to secure European Union antitrust approval for its $20 billion bid for cloud-based designer platform Figma even though the deal falls short of the EU turnover threshold for a review, EU regulators said on Wednesday. The move by the European Commission underlines regulators' worries on Big Tech acquiring smaller innovative rivals and the impact on competition. Photoshop maker Adobe had originally sought approval from antitrust agencies in Austria and Germany for the deal. Austria subsequently referred the case to the Commission, prompting the other EU countries to join in. "We look forward to working constructively with the European Commission to address its questions and bring the review to a timely close," a spokesperson for San Francisco, California-based Figma said.
☆ EU set to bar Meta from ads based on personal data
  + stars: | 2022-12-06 | by ( Foo Yun Chee Chavi Mehta | Foo Yun Chee | Chavi Mehta | ) www.reuters.com   time to read: +4 min
The Irish data protection agency, which oversees Meta because its European headquarters is located in Dublin, has been given a month to issue a ruling based on the European Data Protection Board's (EDPB) binding decision. The Irish case against Meta was triggered by a complaint by Austrian privacy activist Max Schrems in 2018. The 27-country bloc's landmark privacy rules known as the General Data Protection Regulation went into effect in 2018. We have one month to adopt the EDPB's binding decisions and will publish details then," the Irish Data Protection Commission said. Meta may have to change its business model, said Helena Brown, head of data & privacy at London-based law firm Addleshaw Goddard.
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