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☆ Jim Cramer's Investing Club meeting Friday: Inflation data, Salesforce, Microsoft trouble
▼ + stars: | 2022-12-09 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "I think things have kind of bottomed, and the publicity and the long knives are overdone to me at this point," Jim Cramer said Friday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Jim Cramer's top 10 things to watch in the market Friday: Hot inflation, Costco earnings, FTC Microsoft
▼ + stars: | 2022-12-09 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

The government says November producer prices rose 0.3% overall versus the 0.2% expected increase. Citi raises 3M (MMM) price target to $126 per share from $117; sees still emerging fiscal tailwinds. Wells Fargo upgrades Netflix (NFLX) to overweight from equal weight (buy from hold), raising its price target to $400 per share from $300. Baird raises price target on RH (RH), formerly known as Restoration Hardware, to $300 per share from $275; keeps neutral rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Why marginalized content creators will likely be the most affected by tech industry turmoil
▼ + stars: | 2022-12-09 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

But today, we're talking about another group of people who will be affected by the recent tumult: content creators. The chaos at social media companies is hurting the most vulnerable content creators. Tumult is sweeping Big Tech, with thousands of full-time employees affected by industry layoffs. But some of the biggest losers from the shake-up will be the content creators who have fashioned careers on social media. That's particularly the case for marginalized creators, says Duffy, who's spent more than a decade studying the working lives of digital cultural producers.

☆ The ghost of Instagram haunts Microsoft’s future
▼ + stars: | 2022-12-09 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

The FTC’s leader Lina Khan might be making up for regulators who waved through Mark Zuckerberg’s $1 billion purchase of Instagram. Though Microsoft’s deal is different, punishment under Khan’s regime seemed inevitable. Microsoft could try to corner the market by forcing consumers to not only buy the Activision games from Microsoft, but the platform as well. Microsoft’s rationale for buying Activision is to better compete in the gaming market against the likes of Tencent (0700.HK) and others. Streaming is the future, and in that way, Microsoft could easily be sidelined in the business if it doesn’t innovate.

☆ 2023 is shaping up to be a big year for dealmaking in live sports. Here's why.
▼ + stars: | 2022-12-09 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Big deals for the big (and little) screen. Next year is shaping up to be a big one for media deals. Like many other industries, media quickly turned quiet on the dealmaking front this year as the economy soured. However, a stabilization of interest rates, along with money burning a hole in investors' pockets, could lead to a big 2023, insiders say. The landscape for media deals is fascinating when you consider the two opposing forces, as Lucia pointed out to me.

☆ Jim Cramer weighs in on FTC's lawsuit against Microsoft-Activision deal
▼ + stars: | 2022-12-09 | 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 EmailJim Cramer weighs in on FTC's lawsuit against Microsoft-Activision deal'Mad Money' host Jim Cramer and the 'Squawk on the Street' team discuss the Federal Trade Commission's lawsuit against Microsoft's planned acquisition of Activision Blizzard.

☆ S&P 500, Nasdaq snap losing streaks after jobless claims rise
▼ + stars: | 2022-12-08 | by ( David French | ) www.reuters.com time to read: +4 min

Wall Street's main indexes had come under pressure in recent days, with the S&P 500 shedding 3.6% since the beginning of December on expectations of a longer rate-hike cycle and downbeat economic views from some top company executives. Such thinking had also weighed on the Nasdaq Composite (.IXIC), which had posted four straight losing sessions prior to Thursday's advance on the tech-heavy index. Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 7, 2022. REUTERS/Brendan McDermidNine of the 11 major S&P 500 sectors rose, led by a 1.6% gain in technology stocks (.SPLRCT). The S&P 500 posted 15 new 52-week highs and three new lows; the Nasdaq Composite recorded 82 new highs and 232 new lows.

☆ U.S. seeks to stop Microsoft's $69 bln bid for games maker Activision
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +3 min

[1/2] A person walks past a Microsoft store in the Manhattan borough of New York City, New York, U.S., January 20, 2022. REUTERS/Carlo Allegri/File PhotoWASHINGTON, Dec 8 (Reuters) - The Biden administration filed a complaint on Thursday aimed at blocking tech giant Microsoft's (MSFT.O) $69 billion bid to buy "Call of Duty" games maker Activision , over concerns the deal would deny rivals access to popular games. Microsoft, which owns the Xbox, said in January 2022 that it would buy Activision for $68.7 billion in the biggest gaming industry deal in history. Shares in Microsoft and Activision both fell on news of the FTC complaint. Chair Lina Khan and the two Democrats on the commission voted to approve the complaint, while Commissioner Christine Wilson voted no.

The Federal Trade Commission Thursday sued Microsoft Corp. to block its planned $75 billion acquisition of Activision Blizzard Inc., taking one of its biggest shots under the Biden administration at halting a merger of technology giants. The lawsuit sets the stage for a court challenge over the deal as Microsoft agreed as part of negotiations with the “Call of Duty” publisher to defend the acquisition against a government lawsuit.

The Federal Trade Commission Thursday sued Microsoft Corp. to block its planned $75 billion acquisition of Activision Blizzard Inc., taking one of its biggest shots under the Biden administration at halting a merger of technology giants. The lawsuit sets the stage for a court challenge over the deal as Microsoft agreed as part of negotiations with Activision to defend the acquisition against a government lawsuit.

☆ FTC's concern Microsoft could monopolize gaming doesn't make sense, says LightShed's Brandon Ross
▼ + stars: | 2022-12-08 | 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 EmailFTC's concern Microsoft could monopolize gaming doesn't make sense, says LightShed's Brandon RossBrandon Ross, LightShed Partners tech analyst, joins 'Closing Bell' to discuss the FTC's attempt to block Microsoft’s acquisition of Activision Blizzard.

☆ This is the boldest move the Biden administration has taken to police mergers, says fmr. FTC chairman
▼ + stars: | 2022-12-08 | 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 EmailThis is the boldest move the Biden administration has taken to police mergers, says fmr. FTC chairmanWilliam Kovacic, former FTC chairman, joins 'Power Lunch' to discuss the Federal Trade Commission's decision to sue Micsoft over its deal to acquire Activision.

☆ FTC sues Microsoft over proposed Activision deal
▼ + stars: | 2022-12-08 | 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 EmailFTC sues Microsoft over proposed Activision dealCNBC's Steve Kovach reports on news from the FTC.

The Federal Trade Commission said on Thursday it has filed an antitrust case against Microsoft to challenge the software maker's attempt to acquire video game publisher Activision Blizzard . Regulators in the United Kingdom are looking into whether the Activision Blizzard acquisition would lessen competition in the country. Microsoft announced plans to acquire Activision Blizzard for $68.7 billion in January, with the goal of closing it by June 2023. The deal has come under pressure from Microsoft's competitors in gaming, such as Sony . "We have been committed since Day One to addressing competitive concerns, including by offering earlier this week proposed concessions to the FTC.

☆ Activision Blizzard falls as FTC says it is suing to stop Microsoft's takeover of the gaming giant
▼ + stars: | 2022-12-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Activision Blizzard shares fell as the FTC announced it will sue to stop Microsoft from acquiring the video game giant. The deal would harm competition in the gaming industry, the FTC said in a statement on Thursday. Microsoft said it would buy the video game publisher for $69 billion in January. "Today we seek to stop Microsoft from gaining control over a leading independent game studio and using it to harm competition in multiple dynamic and fast-growing gaming markets." Activision publishes many of the most popular video game franchises, including Call of Duty, World of Warcraft, and Candy Crush.

☆ FTC sues Microsoft’s over acquisition of Activision Blizzard
▼ + stars: | 2022-12-08 | 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 sues Microsoft’s over acquisition of Activision BlizzardCNBC's Kayla Tausche and Julia Boorstin join 'Closing Bell: Overtime' to report on the FTC suit to block Microsoft’s acquisition of Activision Blizzard.

☆ FTC looks to block Microsoft's blockbuster acquisition of Activision Blizzard
▼ + stars: | 2022-12-08 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

Washington CNN —The Federal Trade Commission on Thursday sued to block Microsoft’s $69 billion acquisition of Activision Blizzard, challenging one of the largest tech acquisitions in history. “We have been committed since Day One to addressing competition concerns, including by offering earlier this week proposed concessions to the FTC. Microsoft’s proposed deal would give it control over key video game franchises, including “Call of Duty,” “World of Warcraft” and more. But the FTC complaint marks the first attempt by an antitrust regulator to block the deal outright. The list included a promise, which would cover the proposed Activision deal, not to give preferential treatment to its own published games on digital marketplaces it runs.

☆ FTC will likely sue to block Microsoft's acquisition of Activision Blizzard, says Aaron Glick
▼ + stars: | 2022-12-08 | 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 will likely sue to block Microsoft's acquisition of Activision Blizzard, says Aaron GlickAaron Glick, Cowen sales analyst, joins CNBC's 'Squawk Box' to weigh in on the planned acquisition between Microsoft and Activision Blizzard and the potential hurdles the deal faces with regulators.

☆ The FTC is suing to block Microsoft's $68.7 billion purchase of Activision Blizzard
▼ + stars: | 2022-12-08 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

The FTC filed a challenge seeking to stop Microsoft from buying Activision Blizzard, known for blockbuster games like Call of Duty. The $68.7 billion deal is Microsoft's largest and the biggest in the history of the video game industry. The $68.7 billion deal is Microsoft's largest, not to mention the biggest in the video game industry. In a letter to employees Thursday, Activision Blizzard CEO Bobby Kotick reiterated his "confidence" that the deal will go through. "The competitive landscape is shifting, and, simply put, a combined Microsoft-ABK will be good for players, good for employees, good for competition and good for the industry.

☆ Microsoft Pledges to Put ‘Call of Duty’ on Nintendo Switch If Activision Deal Is Approved
▼ + stars: | 2022-12-07 | by ( Sarah E. Needleman | ) www.wsj.com time to read: 1 min

Microsoft Corp. pledged to give Nintendo Co. access to the popular “Call of Duty” games for a decade if its $75 billion deal to buy the game’s developer, Activision Blizzard Inc., gets approved, the software giant’s latest move to head off possible American regulatory action to block the acquisition. The offer follows a similar pledge that Microsoft made to Sony Group Corp., maker of the PlayStation videogame console. Sony has been the loudest of the critics of the planned Activision deal, arguing that it could hurt competition if Microsoft restricts access to Activision games. Sony has also said Microsoft could hinder competition in the global videogame industry if it were to gain ownership of “Call of Duty.”

☆ Microsoft in 10-year commitment to bring Call of Duty to Nintendo
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Dec 7 (Reuters) - Microsoft (MSFT.O) has entered into a 10-year commitment to bring the gaming title "Call of Duty" to Nintendo (7974.T) platforms, the chief executive officer of Microsoft Gaming, Phil Spencer, said in a post on Twitter on Wednesday. The agreement will bring the popular first-person shooter series from Activision Blizzard (ATVI.O) to Nintendo game consoles for the first time. Nintendo said the Microsoft announcement was true but declined to comment further. The announcement comes after Microsoft's planned $69 billion acquisition of the "Call of Duty" maker raised concern among regulators that the deal could stifle competition. Microsoft competes with Sony Group Corp (6758.T) and Nintendo in the global video game industry, which saw strong growth in recent years with people spending more time at home because of the coronavirus pandemic.

☆ Microsoft says it will bring Call of Duty to Nintendo for 10 years if Activision deal closes
▼ + stars: | 2022-12-07 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Regulators have raised concerns that Microsoft could block the hit Call of Duty franchise from being released on rivals' games consoles. Microsoft said it has offered Sony a 10-year contract for Call of Duty to be released on the PlayStation on the same day it comes to the Xbox. Microsoft was not immediately available for comment on these points when contacted by CNBC. Spencer also said that Microsoft has "committed" to offer Call of Duty on game distribution platform Steam simultaneously to Xbox after the close of the deal. Activision is the developer for Call of Duty.

☆ Microsoft to bring Call of Duty to Nintendo, Sony on the spot
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Dec 7 (Reuters) - Microsoft (MSFT.O) has entered into a 10-year commitment to bring the gaming title "Call of Duty" to Nintendo (7974.T) platforms, the chief executive officer of Microsoft Gaming, Phil Spencer, said in a post on Twitter on Wednesday. The agreement will bring the popular first-person shooter series from Activision Blizzard (ATVI.O) to Nintendo game consoles for the first time. "I think this is an attempt by Microsoft to pressure Sony into signing a deal with Activision and to make it easier for Microsoft to finish and close the deal with Activision," said Serkan Toto, founder of the Kantan Games consultancy. Microsoft competes with Sony and Nintendo in the global video game industry, which saw strong growth in recent years with people spending more time at home because of the coronavirus pandemic. Shares in Nintendo closed up 0.3% after the Microsoft announcement, outperforming the Nikkei average's (.N225) 0.7% slide and Sony's 1.3% fall.

☆ Microsoft says it has reached a 10-year deal to bring ‘Call of Duty’ to Nintendo
▼ + stars: | 2022-12-07 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +3 min

Microsoft said late Tuesday it has reached a 10-year deal to bring the 19-year-old game franchise to Nintendo after its acquisition of Activision Blizzard, which makes the game, is completed. The Nintendo deal is the latest attempt by Microsoft to ease concerns that its blockbuster acquisition of the gaming giant could harm competition in the industry. Microsoft head of gaming Phil Spencer announced the commitment with Nintendo in a tweet and said it will continue to offer “Call of Duty” on gaming platform Steam if the deal is completed. The company’s decision to bring “Call of Duty” to Nintendo comes as Microsoft’s Activision deal faces regulatory scrutiny on both sides of the Atlantic. “Nintendo is not a high priority for ‘Call of Duty,’ all things considered – it has done perfectly fine without being on Nintendo recently,” Abbruzzese added.

☆ Microsoft could soon have its first union
▼ + stars: | 2022-12-06 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +3 min

The workers are organizing with the Communications Workers of America (CWA) union and have until the end of December to vote on it. Microsoft has agreed to recognize the union if a majority of the workers vote in favor of it, according to the CWA. The union bid at the Microsoft subsidiary, however, stands out from some of the others because Microsoft has previously vowed to recognize the rights of workers to organize. Slack said Microsoft has been “very accommodating” throughout the process, ever since organizers first approached the company about the union. “They understand that it’s a right and they wanted to leave it up to the workers,” Slack said.

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