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Top related persons:
Paul Sandle - 2 Sarah Young - 2 Sam Tobin - 2 Louise Heavens - 2 Dado Ruvic - 1 Activision Blizzard - 1 William James - 1 Kate Holton - 1
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Activision - 5 Thomson - 5 Microsoft - 4 CMA - 4 Markets Authority - 3 European Union - 2 Sony - 2 NVIDIA - 2

Search resuls for: "Microsoft's Activision"


16 mentions found


☆ UK says grounds to clear Microsoft's Activision deal
  + stars: | 2023-09-22 | by ( ) www.reuters.com   time to read: 1 min
Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard's games characters in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsLONDON, Sept 22 (Reuters) - Britain's antitrust regulator on Friday said there were grounds to clear Microsoft's $69 billion acquisition of Call of Duty owner Activision Blizzard. "The CMA now gives notice ... to the Parties that it considers that there are reasonable grounds for believing that the undertakings offered, or a modified version of them, might be accepted by the CMA ... and that it is considering the offer," the CMA said in a document published by the British government. Reporting by William James; Editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Activision Blizzard, William James, Paul Sandle Organizations: Microsoft, Activision, REUTERS, CMA, Thomson Locations: British
☆ UK regulator aims for decision on Microsoft-Activision deal by Aug. 29
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: +1 min
LONDON, July 31 (Reuters) - Britain's antitrust regulator on Monday opened up its inquiry into Microsoft's Activision Blizzard deal for comments as it aims for a final decision by Aug. 29 on a $69 billion takeover it had previously blocked in April. The Competition and Markets Authority (CMA) also on Monday published Microsoft's arguments explaining why the deal should be re-evaluated, as the U.S. software giant battles to win UK approval to buy "Call of Duty" maker Activision. A court involved in the case had already published Microsoft's argument that the binding commitments accepted by the European Union shortly after Britain had blocked the deal had now changed the situation. Any persons wishing to comment on the new version of Microsoft's takeover should do so by Aug. 4, the CMA said in its statement. It is aiming to make a final decision on the deal by Aug. 29, the CMA said.
Persons: Sarah Young, Sam Tobin, Kate Holton Organizations: Activision, Markets Authority, European Union, CMA, Microsoft, Sony, NVIDIA, Boosteroid, Thomson Locations: U.S, European, Britain
☆ Microsoft-Activision deal back in hands of UK regulator after court pauses appeal
  + stars: | 2023-07-21 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 21 (Reuters) - Microsoft's Activision Blizzard deal is back in the hands of Britain's antitrust regulator after an appeals court granted an adjournment, and the grounds for why the UK should reconsider its block on the U.S. software giant's takeover were published. The Competition and Markets Authority (CMA) set out on Friday Microsoft's arguments for the reconsideration, as the U.S. battles to win UK approval to buy "Call of Duty" maker Activision. Explaining why the deal should now be given the green light, Microsoft argued that the binding commitments accepted by the European Union shortly after Britain had blocked the deal changed matters, court documents published showed. The CMA said it understood that Microsoft considered the recent licensing deal it agreed with Sony constituted a further material change of circumstance or special reason. Britain's Competition Appeal Tribunal provisionally approved the adjournment on Monday subject to further submissions from the parties.
Persons: Candy, Sarah Young, Paul Sandle, Sam Tobin, Alistair Smout, Louise Heavens Organizations: Microsoft's Activision, Markets Authority, Activision, CMA, Microsoft, European Union, NVIDIA, Boosteroid, Sony, Thomson Locations: U.S, European, Britain
☆ UK extends Activision deadline after receiving Microsoft's 'complex' proposal
  + stars: | 2023-07-14 | by ( Paul Sandle | ) www.reuters.com   time to read: +3 min
The U.S. Federal Trade Commission is also opposed, but it suffered a major defeat on Tuesday when a federal court ruled in favour of Microsoft. It is battling on and filed an emergency motion to an appeals court requesting a "temporary pause" to the deal closing late on Thursday. Yet on Tuesday, less than an hour after a U.S. federal court ruled the deal could go ahead, the CMA said it could look again at a modified proposal. A Bloomberg report said Microsoft and Activision were considering giving up some control of their cloud-gaming business in Britain to appease the CMA. Additional reporting by Muvija M; editing by Jason Neely and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.
Persons: Brad Smith, Jeremy Hunt, Smith, Gareth Mills, Charles Russell Speechlys, They'll, Muvija, Jason Neely, Louise Heavens Organizations: CMA, Microsoft, Activision, Markets Authority, U.S . Federal Trade Commission, Bloomberg, Thomson Locations: Britain, EU
☆ Amazon's iRobot deal faces EU antitrust investigation, sources say
  + stars: | 2023-06-22 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +2 min
BRUSSELS, June 22 (Reuters) - Amazon's (AMZN.O) $1.7 billion acquisition of robot vacuum cleaner maker iRobot (IRBT.O) faces a full-scale EU antitrust investigation, people familiar with the matter said, weeks after the U.S. online retail giant won UK approval for the deal. IRobot made its first Roomba robot vacuum in 2002. IRobot shares fell about 10%, their largest percentage drop since February last year, while Amazon shares trimmed gains after the Reuters story was published. Amazon has previously said the vacuum cleaner market is very competitive, with lots of Chinese players. It blocked Microsoft's Activision deal while the Commission cleared the deal conditional on Microsoft's licensing deals with rival streaming platforms.
Persons: IRobot, Foo Yun Chee, Alison Williams, Kirsten Donovan, Jan Harvey Organizations: Amazon, European Commission, Activision, Antitrust, Big Tech, Thomson Locations: BRUSSELS
☆ Warren Buffett on Microsoft-Activision deal: Microsoft has met the opposition more than halfway
  + stars: | 2023-05-06 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWarren Buffett on Microsoft-Activision deal: Microsoft has met the opposition more than halfwayBerkshire Hathaway Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the 2023 Berkshire Hathaway annual meeting. Warren Buffett reacts to the UK blocking Microsoft's Activision Blizzard deal.
☆ This video game stock could struggle after the blocking of Microsoft's Activision Blizzard takeover, BMO says
  + stars: | 2023-04-27 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
BMO Capital Markets thinks Electronic Arts could be negatively impacted from the blocking of the Microsoft - Activision Blizzard deal. The firm downgraded EA stock to market perform from outperform Thursday. But BMO says because the UK Competition and Markets Authority's stopped Microsoft's takeover attempt of Activision Blizzard , the failure will be a cautionary tale for company's seeking large deals in the space. EA YTD mountain Shares of Electronic Arts could face more pressure after the fallout of the takeover deal from Microsoft of Activision Blizzard. However, the regulatory body did stipulate that Microsoft could make Activision games exclusive to cloud gaming platform Xbox Game Pass.
☆ The UK blocked Microsoft's Activision deal. Here's what it means for U.S. regulators
  + stars: | 2023-04-27 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +3 min
The U.K. Competition and Markets Authority's decision to block Microsoft's proposed acquisition of "Call of Duty" maker Activision means the U.S. does not need to stand alone in its challenge of the massive $69 billion deal. In the latest hurdle for the deal, the CMA argued the acquisition threatens to hurt competition in the nascent cloud gaming market. But it did not challenge potential competition concerns in console gaming, after saying last month that evidence from industry participants convinced the agency that the transaction wouldn't harm competition in that particular market. The FTC claimed the proposed acquisition would likely reduce competition or create monopolies in markets for gaming subscription services, cloud gaming and high-performance consoles. WATCH: Microsoft-Activision deal collapse a 'discouraging' move for Big Tech, says former FTC commissioner
☆ Cloud, not consoles, blocks Microsoft's Activision view in UK
  + stars: | 2023-04-26 | by ( Paul Sandle | ) www.reuters.com   time to read: +3 min
LONDON, April 26 (Reuters) - For all the thunder about Xbox versus PlayStation, it was the nascent cloud market that led to Britain's surprise decision to block Microsoft's record Activision Blizzard (ATVI.O) takeover. That only answered the CMA's console concerns, leaving cloud gaming as the only remaining - and apparently lower - hurdle. Defining cloud gaming is not simple. The CMA disagreed, saying that cloud was the most rapidly growing sector in gaming, while consoles were a mature market. It said Microsoft already accounted for 60-70% of global cloud gaming services and had other trump cards: Xbox, the leading PC operating system Windows and cloud provider Azure.
☆ Britain blocks Microsoft's $69 billion acquisition of Activision Blizzard
  + stars: | 2023-04-26 | by ( Ryan Browne Arjun Kharpal | Ryan Browne | Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
An Activision Blizzard's Call of Duty: Modern Warfare video game is inserted into the Microsoft's Xbox One video game console arranged in Denver, Colorado, on Wednesday, Jan. 19, 2022. LONDON — Britain's top competition regulator on Wednesday moved to block Microsoft 's acquisition of video game publisher Activision Blizzard . Microsoft announced its intention to acquire Activision Blizzard in January 2022 for $69 billion, in one of the biggest deals the video game industry has seen to date. Sony , in particular, has voiced concern with Microsoft's Activision purchase. The Japanese gaming giant fears that Microsoft could make Call of Duty exclusive to its Xbox consoles in the long run.
☆ UK regulator holding up Microsoft's Activision deal set to get new powers to rein in Big Tech
  + stars: | 2023-04-25 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
The U.K. government on Tuesday published a draft bill that would give a newly created division within the independent competition regulator powers to levy huge fines against Big Tech firms for competition abuses, and investigate and block acquisitions with greater speed. The draft Digital Markets, Competition and Consumers bill will take aim at tech companies with annual revenues of at least £25 billion ($31.2 billion) globally, or £1 billion in the U.K., according to a statement. That's sure to include Amazon , Apple , Google , Microsoft and Meta , which generated $514 billion, $394.33 billion, $282.8 billion, $198 billion and $116.6 billion in revenue respectively in 2022. The CMA has been at the center of some major Big Tech crackdowns lately. The watchdog has held up Microsoft's $69 billion acquisition of video game publisher Activision Blizzard with an in-depth competition investigation.
☆ Video gamers renew legal challenge to Microsoft's Activision bid after setback
  + stars: | 2023-04-11 | by ( Mike Scarcella | Industry Insight | Insights In Action | ) www.reuters.com   time to read: +2 min
U.S. District Judge Jacqueline Scott Corley dismissed the plaintiffs' first complaint in March after finding it failed to present enough information to back claims the acquisition would harm industry competition. The judge said at the time the plaintiffs could refile a new suit, which challenges the largest-ever video game industry deal. Lawyers for Microsoft said in a court filing last week that the gamers' original case "relied largely on flawed legal arguments based on outdated Supreme Court cases." The plaintiffs' lawyers have served subpoenas on companies including Activision and rivals including Nintendo of America Inc and Sony. The case is Demartini v. Microsoft, U.S. District Court, Northern District of California, 3:22-cv-08991-JSC.
☆ Britain says Microsoft's Activision deal could harm gamers
  + stars: | 2023-02-08 | by ( ) www.reuters.com   time to read: 1 min
LONDON, Feb 8 (Reuters) - Britain's antitrust regulator said on Wednesday its in-depth probe had found that Xbox maker Microsoft's (MSFT.O) $69-billion purchase of "Call of Duty" maker Activision Blizzard (ATVI.O) raised competition concerns about cloud and console gaming. Reporting by Paul Sandle and Aby Jose Koilparambil; editing by Michael HoldenOur Standards: The Thomson Reuters Trust Principles.
☆ Sony's gaming chief met EU's Vestager on Microsoft's Activision deal -source
  + stars: | 2023-01-26 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +1 min
BRUSSELS, Jan 26 (Reuters) - Sony's gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft's (MSFT.O) $69 billion bid for "Call of Duty" maker Activision Blizzard (ATVI.O), a person familiar with the matter said on Thursday. Microsoft is looking to Activision to help it compete better with leaders Tencent (0700.HK) and Sony (6758.T). The person declined to provide details of the discussion between Ryan and Vestager. The European Commission, which is scheduled to rule on the deal by April 11, did not immediately respond to a request for comment. The U.S. Federal Trade Commission has sued to block the deal while UK regulators have also expressed concerns.
☆ The Microsoft-Activision deal gives Lina Khan a $69 billion problem in 2023. Defeating it will set the tone on Big Tech deals for years to come.
  + stars: | 2023-01-05 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +6 min
The FTC has a $69 billion headache to deal with in 2023 in the form of Microsoft's Activision buyout. Chair Lina Khan wants to rein in Big Tech but will be tested by one a Silicon Valley veteran. The outcome of the deal will have ramifications beyond Microsoft: the rest of Silicon Valley lies in wait before making their next big moves, as any decision will set the tone for Big Tech deals in years to come. That said, Microsoft's acquisition of Activision will prove even tougher to tackle than anything Amazon has thrown up for the FTC chief to date. Failure will likely embolden Big Tech to test the waters further.
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☆ FTC likely to block Microsoft-Activision deal
  + stars: | 2022-11-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFTC likely to block Microsoft-Activision dealCNBC's Julia Boorstin joins 'Closing Bell' to report on the report that the FTC will likely file a lawsuit to block Microsoft's Activision deal out of fear it would allow the company to monopolize the gaming industry.
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