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
Hungary has been accused of trying to intimidate civil society as the European Commission has issued legal proceedings against its Sovereignty Protection Office.
Credit: euronews (in English) Duration: 02:20Published
"Companies are signing over 20 new deals or Memorandum of Understanding (MoUs) with Egyptian partners, which are worth over 40 billion euros," the European Commission president said.
Credit: euronews (in English) Duration: 01:00Published
China Accuses EU , of Unjustified Tariff Hike , on Electric Vehicles.
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable investigation and implementing
an unjustified increase in tariffs. .
'The Independent' reports that China's Commerce
Ministry has accused the European Union of conducting
an unreasonable investigation and implementing
an unjustified increase in tariffs. .
On June 20, ministry spokesman He Yadong accused
the EU of demanding an excessive amount
of information from Chinese automakers. .
The types, scope, and amount
of information collected by the
European side are unprecedented,
far exceeding the requirements
of anti-subsidy investigations, He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
According to He, this information included details on
everything from manufacturing to product formulas
from Chinese electric car and battery producers.
After Chinese companies
did their best to cooperate
with the investigation and
provided information, .., He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
... the European Commission still
unreasonably accused Chinese
companies of not fully cooperating
and imposed punitive high tax rates, He Yadong, China's Commerce ministry
spokesman, via 'The Independent' .
He added that Chinese companies involved
with the investigation were left
feeling "shocked and disappointed.".
The spokesman went on to state that any
additional measures or provisional increases
in tariffs lack a "factual and legal basis.".
'The Independent' reports that the EU plans
to impose new provisional tariffs between 17.4%
and 38.1% on Chinese EVs starting on July 4. .
Those tariffs would apply to all
foreign brands of electric vehicles
exported to the EU, including Tesla. .
The EU has stated that it wants to discuss
its investigation with authorities in China
and seek a way to resolve any issues.
Credit: Wibbitz Top Stories Duration: 01:31Published
ConocoPhillips , to Buy Marathon Oil.
ConocoPhillips , to Buy Marathon Oil.
On May 29, ConocoPhillips agreed to
acquire Marathon Oil in an all-stock deal valued at $17 billion, CNBC reports.
The agreement will provide ConocoPhillips with
an additional 2 billion barrels of U.S. inventory.
This acquisition of Marathon Oil further
deepens our portfolio and fits within our
financial framework, adding high-quality,
low cost of supply inventory adjacent to our
leading U.S. unconventional position. , ConocoPhillips CEO Ryan Lance, via statement.
ConocoPhillips' market cap will
exceed $150 billion due to the deal.
As an independent producer, ConocoPhillips will now be on the same scale as some big-time players, CNBC reports.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
For example, the company will become larger than BP but still be smaller than Shell, according to Andrew Dittmar, M&A analyst at Enverus.
While the deal is likely to face FTC scrutiny, the fact that Marathon's assets encompass multiple basins supports regulatory approval, Dittmar said. .
Once the deal is complete,
ConocoPhillips anticipates share buybacks worth $7 billion within the first year.
After three years, that number is
expected to grow to $20 billion.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year.
ConocoPhillips' larger rivals,
Exxon Mobil and Chevron, announced
blockbuster deals as well last year
Credit: Wibbitz Top Stories Duration: 01:31Published
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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