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FTC Not Backing Down In Fight Against Microsoft-Activision Deal, Despite UK's Approval
Thursday, December 7, 2023 - 3:20pm | 464The Federal Trade Commission (FTC) is persisting in its efforts to halt Microsoft Corporation's (NASDAQ: MSFT) acquisition of Activision Blizzard, despite the deal being finalized in October 2023 and gaining approval from British regulators. According to Reuters, the FTC argued in an...
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Chevron's Acquisition Of Hess Corp. Sends Ripples Through Energy Sector: Reasons Behind Stock Price Dip
Monday, October 23, 2023 - 2:26pm | 805Chevron Corp. (NYSE:CVX), the second-largest oil company in the United States after Exxon Mobil Corp. (NYSE:XOM), sent shockwaves through the market with its announcement of a planned acquisition of Hess Corp. (NYSE:HES) on Monday. However, the market’s initial response has been far from...
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DTCC To Acquire Securrency To Boost Digital Asset Services Amid Tokenization Boom
Thursday, October 19, 2023 - 5:43pm | 541As tokenization gains popularity in the crypto industry, clearing house DTCC marked its presence in the acquisition space with the purchase of Securrency to gain a strong foothold for providing enhanced services to investors. What Happened: The premier market infrastructure for the...
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Xbox's Gaming Empire Grows: The Most Iconic Franchises Under The Gaming Giant, Fans' Wish Lists For Revivals
Monday, October 16, 2023 - 5:46pm | 587Microsoft Corp.'s (NASDAQ: MSFT) Xbox completed its monumental acquisition of Activision Blizzard Inc (NASDAQ: ATVI), securing control of some of the most iconic video game franchises in the industry's history. At the forefront of this acquisition is the widely popular Call of Duty...
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End Of An Era: Activision Blizzard CEO Bobby Kotick Confirms Exit After Microsoft Deal
Friday, October 13, 2023 - 12:10pm | 434Following Microsoft Corporation's (NASDAQ: MSFT) acquisition of Activision Blizzard Inc (NASDAQ: ATVI), Activision's controversial CEO Bobby Kotick plans to resign, bringing an end to his 30-year tenure at the helm. In an email to all Activision Blizzard employees, Kotick announced he will...
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Ripple Withdraws From Fortress Acquisition; Hand-Picked For NBG List
Friday, September 29, 2023 - 3:30pm | 695Two significant developments occurred for Ripple this week; the company withdrew from the Fortress acquisition, as the inclusion of Ripple Labs in the NBG’s exclusive list marked notable gains in price and volume for XRP (CRYPTO: XRP). What Happened (Fortress Deal)? In...
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Why Capcom COO Says He Would 'Gracefully Decline' Potential Acquisition From Microsoft
Tuesday, September 26, 2023 - 6:21pm | 441Capcom Co., Ltd (OTC: CCOEF) COO Haruhiro Tsujimoto stated in an interview at Tokyo Game Show 2023 that the company would "gracefully decline" any potential buyout offer from Microsoft Corp (NASDAQ: MSFT). During Microsoft's recent efforts to acquire Activision...
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Microsoft Wants To Buy Nintendo And Valve? Xbox's Phil Spencer Says So In Leaked Emails
Wednesday, September 20, 2023 - 6:30pm | 459In a recently leaked email from 2020, Microsoft Gaming CEO Phil Spencer expressed ongoing interest in acquiring either Nintendo or Valve, the developer behind Steam. The email was revealed as part of the Federal Trade Commission (FTC) lawsuit, which aimed to block Microsoft Corp.'s (...
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Did Microsoft Leak Its Own Xbox Information? Phil Spencer Promises 'Real Plans' In The Future
Wednesday, September 20, 2023 - 2:43pm | 635Microsoft Corp (NASDAQ: MSFT) faced a significant leak of confidential information related to Xbox plans and discussions. The leaked documents, originally intended for the Federal Trade Commission's (FTC) involvement in Microsoft's acquisition of Activision Blizzard Inc (...
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Tencent Expands Gaming Empire, Acquires Techland Studio
Monday, July 24, 2023 - 4:44pm | 352Chinese tech conglomerate Tencent Holdings ADR (OTC: TCEHY) announced its acquisition of Techland, a prominent Polish game development studio known for creating the original Dead Island and the Dying Light series. Techland CEO Pawel Marchewka revealed the news in...
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House Republicans Urge FTC To Abandon Antitrust Case Against Microsoft's Activision Acquisition
Wednesday, July 19, 2023 - 11:20am | 442Twenty-two Republican members of the U.S. House of Representatives have jointly written a letter urging the Federal Trade Commission (FTC) to put an end to its ongoing legal dispute with Microsoft Corporation (NASDAQ: MSFT) concerning the potential takeover of Activision Blizzard Inc. (NASDAQ...
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Microsoft, UK's Competition And Markets Authority Seek Extension For $69B Activision Deal
Monday, July 17, 2023 - 2:03pm | 529In a bid to overcome opposition to its proposed $69 billion acquisition of video game maker Activision Blizzard Inc (NASDAQ: ATVI), Microsoft Corp (NASDAQ: MSFT) and the U.K.'s Competition and Markets Authority (CMA) have jointly sought additional time from London's Competition Appeal...
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Microsoft Says Activision's Call Of Duty Removal From Steam Was A 'Resounding Failure'
Friday, July 14, 2023 - 2:22pm | 457Microsoft Corp. (NASDAQ: MSFT) released a filing that revealed Activision Blizzard Inc's (NASDAQ: ATVI) decision to remove Call of Duty from Steam was a "failure." As reported by Kotaku, the tech giant disclosed Activision's move to remove the PC version of Call of Duty...
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3 Analysts Weigh In On Court Ruling Favoring Microsoft's Activision Blizzard Deal: 'A Major Black Eye For The FTC'
Wednesday, July 12, 2023 - 4:13pm | 765Shares of Activision Blizzard Inc (NASDAQ: ATVI) rallied by 10% on Tuesday (before dropping 1% on Wednesday), after Federal Judge Jacqueline Scott Corley ruled in favor of Microsoft Corporation's (NASDAQ: MSFT) acquisition of the video game publisher behind the mega-popular "...
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Microsoft, Activision Blizzard Agree To Pause UK Appeal, Explore Solutions For $69B Deal Concerns
Tuesday, July 11, 2023 - 3:26pm | 467Moments after a U.S. court ruling allowing the merger to proceed, the U.K.'s Competition and Markets Authority (CMA) reached an agreement with Microsoft Corp. (NASDAQ: MSFT) and Activision Blizzard Inc. (NASDAQ: ATVI) to temporarily suspend their ongoing London appeal over the $69 billion...