The European Union (EU) gave its approval to Microsoft’s $69 billion acquisition of gaming giant Activision Blizzard. The decision comes just weeks after the United Kingdom’s merger regulator stunned the gaming industry by vetoing the deal. The EU’s analysis indicated that the acquisition would not harm competition, especially as Microsoft has made a commitment to…
Microsoft Wins EU Antitrust Approval for Activision Deal
May 15, 2023
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Microsoft Signs Power Purchase Deal With Nuclear Fusion Company Helion
Private U.S. nuclear fusion company Helion Energy will provide Microsoft with electricity in about five years, the companies said on Wednesday, in the first such deal for the power source that fuels the sun but has been elusive on Earth. Government labs and more than 30 companies are racing to generate power from fusion, which…
Federal Trade Commission’s Call of Duty Maneuver Is Actually a Dereliction of It
Commentary The British antitrust cops just announced they will oppose the proposed blockbuster $68.7 billion merger of two American companies—Microsoft and gaming company Activision Blizzard, the owner of the wildly popular game Call of Duty. This decision is bad news for investors in companies, gamers and workers. But it’s very good news for America’s competitors…
Rep. Womack to Khan: ‘I Can’t Support Massive Increase for FTC’
In the midst of ongoing debates over federal spending, Rep. Steve Womack voiced his opposition to a proposed budget increase for the Federal Trade Commission (FTC). During Thursday’s House Appropriations Committee hearing, Womack raised pointed criticisms at FTC Chair Lina Khan. “The FTC, with a cavalier attitude, is weighing in on areas that are outside…
Microsoft Reports Boost in Profits, Revenue, as It Pushes AI
REDMOND, Wash.—Microsoft on Tuesday reported a 9 percent increase in profit for the January-March quarter, as growth in cloud computing sales helped bolster its plans to expand its use of artificial intelligence. The company reported quarterly profit of $18.3 billion, or $2.45 per share, beating Wall Street expectations for earnings of $2.24 a share. The…
UK Blocks Microsoft’s $69 Billion Activision Deal Over Cloud Gaming Concerns
April 27, 2023
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LONDON—Britain will block Microsoft’s $69 billion acquisition of “Call of Duty” maker Activision Blizzard over concerns it would hinder competition in cloud gaming, dealing an unexpected blow to the biggest-ever deal in gaming. The country’s antitrust regulator said on Wednesday that Microsoft’s commitment to offer access to Activision’s multi-billion dollar “Call of Duty” franchise to…
NTD Business (April 26): Disney Sues DeSantis After Privileges Revoked; House Republicans Vote on Debt Ceiling Bill
April 26, 2023
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The House is voting on a Republican bill to raise the U.S. debt limit. What are lawmakers saying, and does it have any chance to pass? Disney is suing Florida Gov. Ron DeSantis, escalating the conflict to new heights. The company just had its special taxing powers revoked. Both Microsoft and Google had a heavy…
Michael Taube: Why Canada Will Join a Rogues’ List If Bill C-18 Passes
Commentary The long-anticipated showdown between Canada and Google on Bill C-18 is nigh. When the imaginary pistols are drawn, and the invisible bullets are fired, the reputation of this country could be shattered beyond reproach. Bill C-18, or an Act respecting online communications platforms that make news content available to persons in Canada, was first…
Elon Musk Threatens to Sue Microsoft Over Alleged ‘Illegal Use’ of Twitter Data
April 20, 2023
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Twitter CEO Elon Musk has threatened to sue Microsoft after accusing the tech giant of illegally using the social media platform’s data for training. “They trained illegally using Twitter data. Lawsuit time,” Musk wrote on Twitter on April 19, without providing further details regarding the allegations. His tweet came shortly after Microsoft announced it is…
Microsoft Agrees to Buy $50 Million Foxconn Parcel in Wisconsin
MADISON, Wis. (AP) — Microsoft has agreed to buy a $50 million parcel of land in southeastern Wisconsin meant for Foxconn after the world’s largest electronics manufacturer failed to fulfill grandiose promises to build a massive facility that would employ thousands of workers. Microsoft plans to build a $1 billion data center on the 315-acre…
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