Microsoft's $69 billion Activision Blizzard
acquisition closed on Oct.
13, Reuters reports.
.
Microsoft's $69 billion Activision Blizzard
acquisition closed on Oct.
13, Reuters reports.
.
Britain's Competition and Markets Authority (CMA) approved the deal earlier that same day after
requiring Microsoft to sell streaming rights.
.
The CMA blocked the deal in April
over concerns about Microsoft's place
within the cloud gaming market.
.
The case was reopened after the Xbox maker
agreed to sell Activision streaming rights to Ubisoft.
.
The case was reopened after the Xbox maker
agreed to sell Activision streaming rights to Ubisoft.
.
The new deal will stop Microsoft from
locking up competition in cloud gaming
as this market takes off, preserving competitive prices and services for
U.K. cloud gaming customers, CMA, via statement.
The European Commission also approved
the deal in May after Microsoft vowed to
license Activision games to other platforms. .
The FTC still opposes the deal and plans to
hear internal arguments, but that won't stop
Microsoft from closing, Reuters reports.
Both Microsoft and Activision issued
statements about finalizing the deal.
Both Microsoft and Activision issued
statements about finalizing the deal.
We have now crossed the final
regulatory hurdle to close this
acquisition, which we believe
will benefit players and the
gaming industry worldwide, Microsoft Vice Chair and President Brad Smith, via statement.
The CMA's official approval is
great news for our future with
Microsoft, and we look forward to
becoming part of the Xbox Team, Activision Blizzard, via statement
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
Microsoft Makes $1.5 Billion , Investment in Leading , UAE Technology Firm.
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
'The Independent' reports that Microsoft has announced
a $1.5 billion investment in a leading United Arab
Emirates-based artificial intelligence firm. .
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The deal, overseen by the UAE's powerful national security
adviser, will see Microsoft president Brad Smith join
technology holding company G42's board of directors.
The UAE's national security adviser,
Sheikh Tahnoon bin Zayed Al Nahyan, is the
current chairman of G42's board of directors. .
In a statement released on April 16, Microsoft
said the deal “was developed in close consultation
with both the UAE and U.S. governments.”.
In a statement released on April 16, Microsoft
said the deal “was developed in close consultation
with both the UAE and U.S. governments.”.
G42, which runs data centers in the Middle East
and elsewhere, has built the world's leading
Arabic-language AI model, Jais. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
According to Microsoft, G42 will move its
AI applications and services over to the U.S.
tech giant's cloud computing platform. .
The deal will also look to bring digital infrastructure
to regions that G42 has already established
a presence, including the Middle East and Africa.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
'The Independent' reports that G42 previously cut ties with
Chinese hardware suppliers to limit U.S. concerns that
the company was closely tied to the Chinese government.
Prior to Microsoft's investment, the company
reportedly faced allegations of spying for its
connection to a mobile phone app identified as spyware.
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government. .
The tech company also faced accusations
that it gathered genetic material from
U.S. users for the Chinese government.
Credit: Wibbitz Top Stories Duration: 01:31Published
The next EU Commission will have to cope with a legacy of debt accummulated out of necessity by its predecessor in response to the Covid crisis and the Ukraine War. Instruments are in place to both control debt and invest in the future, but challenging times lie ahead.
Credit: euronews (in English) Duration: 00:56Published
Prior to her Monday meetings with Italian political leaders, von der Leyen was a guest on national TV, where she spoke about the need to defend Ukraine against Russia's aggression to preserve peace in Europe.
Credit: euronews (in English) Duration: 02:00Published
French President Emmanuel Macron clarified on Monday that the US and its allies have no intentions of seeking regime change in Russia. However, Paris remains committed to supporting Kiev in its ongoing conflict with Moscow, pledging continued aid for as long as necessary.
Macron's remarks came during a joint press conference with Chinese President Xi Jinping at the Elysee Palace, where they engaged in discussions alongside the President of the European Commission, Ursula von der Leyen. Among the topics addressed were the Ukraine conflict, bilateral trade, and economic relations between France and China.
In his statements, Macron emphasised the importance of dialogue and cooperation in addressing global challenges, underscoring the need for diplomatic solutions to complex geopolitical issues.
#Macron #France #Russia #UkraineWar #NuclearDeployment #TacticalWeapons #Diplomacy #Geopolitics #InternationalRelations #XiJinping #Meeting #PeaceEfforts #ConflictResolution #GlobalSecurity #News
~HT.178~PR.152~ED.101~GR.124~
The European Commission is reinstating funding for a key UN agency, UNRWA, that was accused of harbouring staff who participated in the 7 October massacre.
Credit: euronews (in English) Duration: 02:02Published
Trade issues topped the agenda with EU Commission president Ursula von der Leyen warning "For trade to be fair, access to each other's markets also needs to be reciprocal."
Credit: euronews (in English) Duration: 02:33Published
FTC to Decide , Whether Noncompete Agreements , Should Be Banned.
After receiving over 26,000 public comments about the issue, the Federal Trade Commission is set to deliver its verdict on April 30, NPR reports. .
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
The commission said that if approved, the
final rule "would generally prevent most
employers from using noncompete clauses.".
Approximately one in five Americans, spanning minimum wage workers to CEOs, are subject to noncompete agreements, the FTC estimates. .
The Biden administration says that these types of agreements hurt workers by decreasing wages.
The White House also argues that these
agreements harm the U.S. economy because entrepreneurship isn't allowed to freely flourish. .
FTC Chair Lina M. Khan issued a statement when
the proposed ban was initially introduced.
The freedom to change jobs is
core to economic liberty and to
a competitive, thriving economy, FTC Chair Lina M. Khan, via statement.
Noncompetes block workers from
freely switching jobs, depriving
them of higher wages and better
working conditions, and depriving
businesses of a talent pool that
they need to build and expand, FTC Chair Lina M. Khan, via statement.
Businesses argue that noncompete agreements are essential for safeguarding investments and proprietary information.
Those businesses also question whether
the agency has the power "to regulate
such agreements," NPR reports. .
If the FTC votes to issue a final rule, enforcement wouldn't occur for 180 days,
and legal challenges would likely ensue.
Credit: Wibbitz Top Stories Duration: 01:31Published
Jon Stewart is saying that Apple asked him not to talk to the Federal Trade Commission Chair Lina Khan on his former Apple show 'The Problem with Jon Stewart.' Khan, who became chair of the FTC in 2021, has made a name for herself for being an outspoken critic of the business practices of Big Tech companies like Amazon and Meta and has been praised by both Democrats and Republicans for her antitrust efforts. Khan was a guest on Monday's episode of Comedy Central's 'The Daily Show,' where Stewart made the revelation.
Credit: The Hollywood Reporter Duration: 01:47Published
Microsoft has completed its $69 billion acquisition of Activision Blizzard, expanding its presence in... IndiaTimes - Published Also reported by •BGR India
Microsoft has finally completed its biggest acquisition ever, buying Activision Blizzard King for $69 billion. The deal gives Microsoft ownership of some of the most popular gaming franchises, such as..
IRS Says Microsoft Owes , $29 Billion in Back Taxes.
According to an SEC filing, the tech giant
owes the IRS $28.9 billion "plus penalties
and interest," The Verge reports.
Tax years 2004-2013 are..
Credit: Wibbitz Top Stories Duration: 01:31Published
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