Microsoft has taken steps to address concerns about its proposed $69 billion purchase of Activision Blizzard, as the deal comes under scrutiny from regulators in the United States, the United Kingdom, and the European Union. In an effort to convince European Union officials to approve the acquisition, Microsoft President Brad Smith held a closed-door meeting in Brussels with regulators and competitors to address concerns that the acquisition could harm competition in the video game industry.
To ease concerns, Microsoft announced partnerships with Nvidia and Nintendo. The company has entered into a 10-year agreement with Nvidia to bring Xbox PC games to Nvidia’s cloud gaming service, resolving Nvidia’s concerns with Activision Blizzard. As a result, Nvidia has offered its full support for regulatory approval of the acquisition. Microsoft also finalized a 10-year agreement to bring the latest version of “Call of Duty” to the Nintendo platform once the merger with Activision is completed.
According to Smith, these two agreements address concerns that “Call of Duty” will be less available than it is today, as the deals will bring the game to an additional 150 million people on Nintendo devices and Nvidia’s cloud streaming services. Smith also indicated that Microsoft is willing to enter a 10-year agreement with Sony and is prepared to enter regulatory obligations as well, whether in London, Brussels, or Washington.
Despite these efforts, Sony remains the only principal company objecting to the deal. However, Smith remains confident that Microsoft can address Sony’s concerns and secure regulatory approval for the acquisition.
The proposed acquisition of Activision Blizzard would give Microsoft access to a vast library of popular video game franchises, including “Call of Duty,” “World of Warcraft,” and “Diablo.” With the addition of these franchises, Microsoft could significantly expand its gaming offerings and compete more directly with other major players in the industry, such as Sony and Nintendo.
In addition to addressing regulatory concerns, Microsoft has also faced criticism from Activision Blizzard employees and others in the wake of a lawsuit alleging widespread discrimination and harassment at the company. Microsoft has pledged to address these concerns and work to create a safe and inclusive workplace culture at Activision Blizzard.
Overall, Microsoft’s efforts to address concerns and secure regulatory approval for the Activision Blizzard acquisition are ongoing. While the partnerships with Nvidia and Nintendo are a positive step forward, the company will need to continue to work with regulators and other stakeholders to address concerns and secure a successful acquisition.
TikTok, the wildly popular short-form video app, has been hit with a massive €345 million ($368 million) fine by the Irish Data Protection Commission (DPC) for failing to adequately protect children’s privacy on its platform.
China’s economy is displaying hopeful signs of recovery in August, but the real estate sector continues to struggle, posing challenges for the nation’s economic stability.
Arm, the renowned British chip designer under the SoftBank umbrella, is gearing up for a high-stakes $5 billion initial public offering (IPO). While excitement surrounds this significant move, investors are growing increasingly wary of Arm’s business ties to China, particularly amidst escalating tensions between the United States and Beijing over chip technology. Let’s dive into the complexities of Arm’s China dealings and the challenges it faces.
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Apple enthusiasts and tech enthusiasts alike are eagerly anticipating Apple’s annual September keynote event, where the company is set to unveil its latest iPhone lineup, including the highly anticipated iPhone 15. With the event just around the corner, here’s a sneak peek into what we can expect from Apple’s big reveal.
Tesla Inc. has long been a pioneer in the electric vehicle (EV) industry, and its innovations continue to send shockwaves through the financial world. Recent predictions by analysts at Morgan Stanley suggest that Tesla’s Dojo supercomputer could be the catalyst for a massive $500 billion surge in the company’s market value. This article delves into the details of this remarkable prediction and the potential impact of Dojo on Tesla’s future.
President Joe Biden’s 2-day visit to Vietnam starting on September 10 has been marked by his efforts to strengthen ties with Hanoi and build global stability, with a particular focus on Asia.
In the United States, the standard workday of eight hours, five days a week has become deeply ingrained in our culture. Dolly Parton even immortalized…
The ever-evolving landscape of consumer technology has seen significant shifts in 2023, with a strong focus on security and the continued adoption of hybrid work models. These trends, as highlighted in the fourth annual Deloitte Connected Consumer survey, reflect not only consumer preferences but also their impact on the workplace. As economic uncertainty persists and remote and hybrid work models gain traction, tech companies and business leaders must adapt to meet the changing needs of their employees and customers.
According to sources familiar with the matter as reported by The Wall Street Journal, China has recently implemented a ban on the use of iPhones by central government officials. This ban has been communicated to staff members through various means, such as chat groups or meetings.
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